GPS News  
TRADE WARS
Tycoon Packer 'deeply concerned' for staff held in China
by Staff Writers
Sydney (AFP) Oct 18, 2016


Australian gaming tycoon James Packer said Tuesday he was "deeply concerned" about 18 of his Crown Resorts staff detained in China as his board held an emergency meeting to determine what to do next.

The marketing staff were seized in raids late last week, including an executive in charge of luring high-rollers to Australia, with Beijing saying they had been "criminally detained ... for suspected gambling offences".

Shares in Crown plunged more than 13 percent on Monday but stabilised Tuesday, rebounding 1.70 percent to close at Aus$11.34.

"As the major shareholder of Crown Resorts, I am deeply concerned for the welfare of those Crown employees detained in China," said billionaire Packer, who is engaged to pop diva Mariah Carey and is the company's largest shareholder.

"Crown will do whatever it can to support our employees and their families at this difficult time. Our number one priority is to be able to make contact and to ensure they are all safe."

The Crown board held an emergency meeting via phone late Monday amid reports that Chinese police were preparing to charge the employees with organising gambling activities for Chinese nationals overseas.

Gaming companies are not allowed to explicitly advertise gambling in China.

The Sydney Morning Herald said speculation among industry insiders linked the crisis to an attempt by Crown to collect Aus$15 million (US$11.4 million) in gambling debts from a Chinese high-roller at its Melbourne casino.

"I have sought regular updates on this issue and have asked Crown to do everything possible to contact our employees and to support their families, as we await further details from Chinese authorities," added Packer.

"I am respectful that these detentions have occurred in another country and are therefore subject to their sovereign rules and investigative processes."

Crown operates casinos across Australia and the world, including in Macau, where revenues have been hit hard by a Chinese corruption crackdown that has driven away many big-spenders.

Graft has become endemic in China and President Xi Jinping launched a much-publicised anti-corruption drive after he came to power in 2012.

One of those being held is the company's executive vice president VIP International, Jason O'Connor, along with two other Australians.

Australian Foreign Minister Julie Bishop said the government had been notified of their detention in Shanghai and consular officials were making arrangements to visit them.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
EU sets Belgium ultimatum to back Canada trade deal
Luxembourg (AFP) Oct 18, 2016
The European Union gave Belgium until a leaders' summit on Friday to approve a troubled free trade pact with Canada which has been blocked by its small French-speaking region of Wallonia. EU Trade Commissioner Cecilia Malmstroem said a planned visit by Canadian Prime Minister Justin Trudeau to sign the deal next week would not go ahead unless the federal Belgian government is able to endorse ... read more


TRADE WARS
Massive US health tab for hormone-disrupting chemicals

Soybean nitrogen breakthrough could help feed the world

Biodiversity is a natural crop pest repellent

People's tribunal accuses Monsanto of 'ecocide'

TRADE WARS
Sandia, Harvard team create first quantum computer bridge

Infrared brings to light nanoscale molecular arrangement

Researchers develop DNA-based single-electron electronic devices

Researchers use novel materials to build smallest transistor

TRADE WARS
US claims trade victory over China over business jet tax

MH370 hunters to probe underwater objects: Australia

Poland plans new tender for helicopters after Airbus row

L-3 unit begins KC-10 tanker support

TRADE WARS
US judge 'strongly inclined' to back $15 bn VW settlement

Honda to build new China factory

Driverless taxi hits lorry in Singapore trial

Berlin tells Tesla: Stop ads with 'misleading' autopilot term

TRADE WARS
EU sets Belgium ultimatum to back Canada trade deal

Belgian region rejects EU ultimatum for Canada deal

Tycoon Packer 'deeply concerned' for staff held in China

Rights group urges Nicaragua to scrap canal project

TRADE WARS
Deforestation in Amazon going undetected by Brazilian monitors

'Goldilocks fires' can enhance biodiversity in Western forests

Urban warming slows tree growth, photosynthesis

Emissions from logging debris in Africa may be vastly under estimated

TRADE WARS
Airbus Defence and Space-built PeruSAT-1 delivers first images

Data improves hurricane forecasts, but uncertainties remain

NASA maps help gauge Italy earthquake damage

Magnetic oceans and electric Earth

TRADE WARS
Nanotechnology for energy materials: Electrodes like leaf veins

Electron beam microscope directly writes nanoscale features in liquid with metal ink

A 'nano-golf course' to assemble precisely nanoparticules

NIST-made 'sun and rain' used to study nanoparticle release from polymers









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.