Crown to open hotel, bars at Barangaroo as casino hangs in balance
Crown Resorts says it will start opening bars, restaurants and parts of the hotel at its new tower at Barangaroo by the end of December, as its licence for gaming operations at the $2.2 billion resort hangs in the balance.
The NSW Independent Liquor and Gaming Authority last month forced Crown to delayed opening the casino component of the tower until an inquiry into Crown's suitability to hold a gaming licence reports back to the regulator early next year.
Crown said it would open parts of the resort from December 28. Credit:Wolter Peeters
However ILGA on Wednesday said that it had approved an interim liquor licence for the resort part at Crown's new casino, allowing it to serve alcohol at a number of bars. Two more liquor licences applications for restaurants will be decided within a week, ILGA said.
Crown said in a statement that with the interim liquor licences approved, it could push ahead with opening plans and expected to "progressively commence non-gaming operations" from December 28.
More to come
Most Viewed in Business
Stocks making the biggest moves after the bell: Roku, Amgen & more
Check out the companies making headlines after the bell Wednesday:
Herman Miller — Shares of the office furniture company rose 0.8% in the back of better-than-expected earnings. Herman Miller reported earnings per share of 89 cents, topping a FactSet estimate of 56 cents per share. The company's revenue also grew by 7% on a year-over-year basis.
Roku — Roku shares rose more than 3% after the company announced it struck a deal to carry HBO Max on its platform.
Amgen — Amgen climbed 0.3% after the biotech company raised its quarterly dividend to $1.76 per share from $1.60 per share.
China Distance Education Holdings Ltd. Q4 adjusted earnings Miss Estimates
China Distance Education Holdings Ltd. (DL) released earnings for fourth quarter that dropped from last year.
The company’s profit came in at $4.87 million, or $0.144 per share. This compares with $13.77 million, or $0.411 per share, in last year’s fourth quarter.
Excluding items, China Distance Education Holdings Ltd. reported adjusted earnings of $6.24 million or $0.184 per share for the period.
Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 4.6% to $65.55 million from $68.69 million last year.
China Distance Education Holdings Ltd. earnings at a glance:
-Earnings (Q4): $6.24 Mln. vs. $18.60 Mln. last year.
-EPS (Q4): $0.184 vs. $0.554 last year.
-Analysts Estimate: $0.24
-Revenue (Q4): $65.55 Mln vs. $68.69 Mln last year.
Snowboarder injured in avalanche on Snodgrass Mountain.
A backcountry snowboarder was injured Tuesday when he was caught in an avalanche and swept into a tree.
The incident happened at about 2:15 p.m. on Snodgrass Mountain, near Crested Butte, at about 10,000 feet in elevation, according to the Colorado Avalanche Information Center.
A skier and splitboarder skinned up the southern side of Snodgrass and descended the north side in an area called First Bowl, according to a CAIC report. The boarder was caught in a slab avalanche and carried into a tree, injuring his leg.
The pair called 911 for help and were assisted out by organized rescuers.
Lennar Corp. Earnings Rise In Q4
Lennar Corp. (LEN.B) reported a profit for its fourth quarter that climbed from the same period last year.
The company’s bottom line came in at $882.76 million, or $2.82 per share. This compares with $674.30 million, or $2.13 per share, in last year’s fourth quarter.
Analysts had expected the company to earn $2.37 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 99.9% to $6.83 million from $6.97 billion last year.
Lennar Corp. earnings at a glance:
-Earnings (Q4): $882.76 Mln. vs. $674.30 Mln. last year.
-EPS (Q4): $2.82 vs. $2.13 last year.
-Analysts Estimate: $2.37
-Revenue (Q4): $6.83 Mln vs. $6.97 Bln last year.
Japanese retailer uses 3D printer to create incredibly realistic mask of his own face
IT’S a mug’s game! Shuhei Okawara has the perfect mask for party season — himself.
The retailer, 30, recreated his features then had an amazing copy made on 3D printers.
His designs will sell for £700 each in Tokyo, Japan.
Shuhei also modelled masks on strangers, choosing from more than 100 applicants who sent him their photos when he launched the project.
Early demand is high and Shuhei said: “Most people see them as art pieces.”
GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL [email protected]