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Packer loses $600m as Crown dives

Analysts and shareholders fear Crown Resorts’ reliance on China for a large percentage of its customers could hit the casino giant’s bottom line if there is a wider crackdown on China’s VIP gaming markets. The company’s share price was hit hard on Monday, closing 13.9 per cent down after it emerged late on Friday that 18 Crown staff had been detained by Chinese authorities in Shanghai, including the vice-president of its VIP international business, Jason O’Connor. The Fin

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