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Western Australia News - Page 2

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Australian Regulators Target Burswood Bid

International News Brief: Simmering opposition to Kerry Packer's $600 million bid for control of the Burswood casino in Perth has seen the corporate regulator exercise rarely used powers to force institutional investors to clarify public statements on the hostile bid.

Burswood Shares Fall

International News Brief: Burswood shares fell yesterday after the sudden departure of PBL head Peter Yates threw doubt on the prospect of a higher offer coming from the Packer's media and gaming company.

Australian Casino Evacuated After Pepper Spray Attack

International News Brief: More than 2000 people were evacuated from a Perth casino after a man released pepper spray on the gaming floor.

Packer Expected to Target Burswood Again

International News Brief: Kerry Packer is expected to launch a fresh assault against Burswood Casino within the week.

Burswood Shares Rise

International News Brief: Shares in Burswood Ltd, operator of Perth's casino and hotel complex, rose 17 cents, or 13.5 per cent, to AUD$1.43 after Kerry Packer's Publishing and Broadcasting Ltd last night made a takeover bid.

Packer Bids for Remainder of Burswood Casino

International News Brief: Kerry Packer's Publishing & Broadcasting Ltd has strengthen its grip on Australia's high-roller gambling market by launching a $580.6 million bid for the remainder of Western Australia's Burswood Casino.

Australian Casino Workers Want Smoking Ban

International News Brief: West Australian gaming workers donned black balaclavas and dust masks today as they presented a state MP with a petition demanding an end to smoking in Perth's Burswood Casino.

Sentence for $19 Million Theft Stays

International News Brief: Western Australia's top prosecutor has failed in a bid to double the jail term of a bank manager who stole almost $19 million to feed an online gambling habit.

Packer to Recoup Casino Investment

International News Brief: Kerry Packer is poised to recoup AUD$3 million of his investment in Burswood on the back of a profit recovery which has also sparked renewed speculation about a takeover bid by the billionaire.

Burswood Shares Rally

International News Brief: Burswood Ltd shares rallied after Perth's casino operator pleased the market by unveiling an unaudited first half 2003/04 operating profit of about AUD$23 million.

PBL Buys Stake in Burswood Casino

International News Brief: Publishing and Broadcasting Limited has acquired a stake in the Burswood Casino in Perth, Australia.

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