Crown Resorts Ltd (ASX: CWN) Share Price and News
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Crown Resorts Ltd (CWN) is one of Australia’s largest entertainment groups. The company owns and operates 2 major integrated resorts, Crown Melbourne and Crown Perth, which house everything from hotels, casinos and shops to restaurants, bars and the like. Crown is also set to soon unveil a resort in Barangaroo, Sydney.
Overseas, the company owns and operates Crown Aspinalls in London, a high-end casino in the West End entertainment district. Crown also has investment stakes in UK casino group Aspers and international restaurant/hotel chain Nobu. On top of all of this, Crown owns betting exchange Betfair Australasia and has interests in other digital businesses.
Crown’s history traces back to Australian rich lister Lloyd Williams when he built the Crown Casino in Melbourne in the 1990s. The casino was later bought out by the Packer family’s PBL and in 2007, Crown Resorts was born when PBL split into separate media and gaming companies. Today, Crown Resorts is one of Australia’s largest public companies, which is reflected in its place within the S&P/ASX 200 Index (ASX: XJO).
Crown Resorts Ltd (ASX: CWN) Latest News
Brendon Lau | September 24, 2020 9:51am
The ASX 200 is set to crash but those wanting to hunt for bargains may want to take a look at ASX stocks leveraged... More »
Brendon Lau | September 21, 2020 6:35pm
It’s now or never for rotating your share portfolio towards ASX value stocks and away from growth, according to a leading broker. More »
Ken Hall | September 15, 2020 8:36am
The Star Entertainment Group Ltd (ASX: SGR) share price has been smashed in 2020 but is yesterday's surge the start of something bigger? More »
Brendon Lau | September 8, 2020 5:30pm
ASX investors are yet to price in our souring relations with China even though more than half of the S&P/ASX 200 stocks need China... More »
Tony Yoo | September 3, 2020 1:14pm
These businesses provide higher returns to investors in the long term, finds Credit Suisse study. Here we take a look at why they outperform. More »
Bernd Struben | September 3, 2020 12:59pm
The ABS report confirms Australia's GDP tanked by 7.6% in the June quarter. But a silver lining could spur select ASX shares higher. More »
Brendon Lau | August 13, 2020 5:23pm
There’s big upside to the embattled Tabcorp Holdings Limited (ASX: TAH) share price and you may not need to wait long to see this,... More »
James Mickleboro | August 7, 2020 2:40pm
Here's what to expect when Crown Resorts Ltd (ASX:CWN) releases its full year results for FY 2020 later this month... More »
Brendon Lau | August 6, 2020 3:59pm
The Village Roadshow Ltd (ASX: VRL) share price barely reacted to management’s commitment to undertake a capital raising in the coming months. More »
James Mickleboro | August 4, 2020 12:41pm
Crown Resorts Ltd (ASX:CWN) and Nearmap Ltd (ASX:NEA) shares are two of four storming notably higher on Tuesday. Here's why... More »
Will Crown Resorts pay a dividend in 2020?
Crown Resorts has paid partially franked, twice yearly dividends every year since listing on the ASX at the end of 2007. The company paid an unfranked interim dividend of 30 cents per share on 17 April 2020. This was deferred from its original payment date of 3 April due to Crown finalising additional financing arrangements following the negative impacts of COVID-19 on its business. The interim dividend was originally intended to be franked to 25%. In an update on 2 April, however Crown announced its decision to issue the payment unfranked in light of the pandemic’s impact. This is the first instance of Crown Resorts paying an unfranked dividend. Typically the company pays its final dividend in early October and, as at 23 June, has made no announcement regarding this payment.
Does Crown Resorts offer a DRP?
No. As at June 2020, Crown Resorts does not offer a dividend reinvestment plan.