MENU

The Crown Resorts Ltd share price has sunk lower

The Crown Resorts Ltd (ASX: CWN) share price is in the red again today.

In early afternoon trade the casino and resort operator’s shares are down over 1% to $12.78.

Crown Resorts’ shares are likely to have come under pressure this week after it provided the market with an update on its detained employees in China.

Yesterday the company advised that all its detained employees in China, as well as those released on bail, have been charged with offences related to the promotion of gambling.

As a result their cases have been referred to the Baoshan District Court in Shanghai.

With the matter now before the court, Crown has stated that no further comments will be made.

Despite the situation in China, the Crown Resorts share price has climbed over 10% this year. This means it has outperformed both the market and rival Star Entertainment Group Ltd (ASX: SGR).

1 Massive Dividend Stock to Buy Today (6.7% Current Gross Yield!)

FREE REPORT! Click here to discover the Motley Fool's #1 ASX dividend recommendation - currently paying a 6.7% gross yield!

Even better, this 'under the radar' consumer play is growing like gangbusters. Shares have rocketed 100% in the last 5 years, DOUBLING shareholders' investment. So what's not to like?

Simply click here to grab your free copy of this up-to-the-minute research report right now.

Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia owns shares of Crown Resorts Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.