Crown shares hit record low after China detains staff
Billionaire James Packer-led Crown Resorts' shares on Monday posted their biggest daily decline on record, after Chinese authorities detained 18 of the casino company’s employees. Shares plunged by a record 14%, wiping off about $1 billion from the company's market value. Notably, Jason O’Connor, who leads Crown’s VIP International team, is among those being questioned, the company said.