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
James Mickleboro | April 16, 2020 10:09am
The Crown Resorts Ltd (ASX:CWN) share price is dropping lower on Thursday after providing an update on its response to the COVID-19 pandemic... More »
Tristan Harrison | April 14, 2020 4:04pm
I think that March 2020 showed that you need to keep investing in ASX shares even during share market panics. More »
Tristan Harrison | April 6, 2020 10:35am
I’ve been investing in ASX shares during coronavirus. In this article I reveal one of the shares I’ve been focusing on. More »
Kate O'Brien | April 6, 2020 9:50am
The ASX saw another week of wild swings last week. Here we take a look at last week’s biggest fallers. More »
Kate O'Brien | April 6, 2020 9:22am
The ASX saw another week of wild swings last week as it grappled with a stream of coronavirus related news. Here we take a... More »
James Mickleboro | April 3, 2020 9:38am
Telstra Corporation Ltd (ASX:TLS) and these ASX dividend shares could be safe options for income investors during the coronavirus crisis... More »
James Mickleboro | April 3, 2020 8:04am
The Harvey Norman Holdings Limited (ASX:HVN) share price will be on watch after it announced the cancellation of its dividend... More »
Brendon Lau | March 31, 2020 4:41pm
ASX investors looking for stocks to buy today might want to check out 3 stocks that top brokers have just upgraded to "buy". More »
Brendon Lau | March 26, 2020 2:39pm
Crown Resorts Ltd (ASX: CWN) and Star Entertainment Group Ltd (ASX: SGR) have been among the worst hit ASX 200 stocks from COVID-19, but... More »
Kate O'Brien | March 25, 2020 12:31pm
Star Entertainment Group Ltd (ASX: SGR) shares are down more than 3% as the group announced the stand down of 90% of its workforce. 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.