By Mathilde Adam

Legal

Victoria Announces Royal Commission into Crown Melbourne

February 22, 2021

Crown Melbourne is subject to an AUD$5 million royal commission following a recent scandal involving Crown Resorts and organized crime. Money Laundering and Organized Crime The Victoria government has announced the launch of an investigation into casino operator Crown Resorts‘ flagship property in Melbourne to decide whether it is a suitable license holder in the […]

By Julie Moraine

Legal

Crown Resorts Found Unsuitable to Hold NSW Casino License

February 9, 2021

Crown Resorts were dealt a significant blow to their business plans after the final report from the New South Wales (NSW) inquiry found the casino operator unsuitable to hold a casino license for its new AU$2.2 billion resort in Barangaroo near Sydney. Unsuitable for Casino License The damning verdict of the report submitted Tuesday afternoon […]

By Julie Moraine

Casino

Packer Allegedly Meets with Adelson, Fuels Crown Sale Rumor

January 3, 2021

An encounter in the French Caribbean further fueled speculation Crown Resorts’ major shareholder James Packer is looking for the way out of the company, seeking to cash in on his 36% stake in the casino and hospitality operator. Multi-Million Yachts Docked Beside Each Other James Packer celebrated New Year’s Eve on board of his $200 […]

By Julie Moraine

Casino

China Decided Crown Sydney’s Fate Ahead of License Decision

January 2, 2021

Long-awaited opening of Crown Resorts’ new AU$2.2 billion casino resort in Barangaroo near Sydney happened Monday, but casino operations did not commence as the Independent Liquor and Gaming Authority (ILGA) blocked the ASX-listed company from opening its casino until a final decision regarding its casino license is reached. ILGA Final Decision Pending Following on Crown’s […]

By Julie Moraine

Casino

Crown Resorts Introduces New Transfer Funds Requirements

December 28, 2020

Crown Resorts is desperately seeking to improve its compliance ahead of an urgent review of its casino license in Victoria by the state government. The casino operator announced new requirements related to transfers of money to its properties in Melbourne and Perth. Money Transfers Only from Personal Bank Accounts According to the new measure aimed […]

By Jerome García

Casino

Crown Resorts Sydney Hotel Opens Doors, Casino Stays Shut

December 28, 2020

The newest Crown Resorts property in Sydney, Australia, opened its doors today. Although visitors can enjoy the hotel, multiple restaurants and bars, the property’s casino remains closed for the moment. Crown’s Property in Sydney Opens Doors without Its Casino Crown Resorts’ newest venue located in Sydney, Australia opened its doors for visitors today. Although the […]

By Julie Moraine

Legal

Crown Faces Class Action Lawsuit Requesting Share Buyback

December 14, 2020

Australian casino operator Crown Resorts is in all sorts of trouble recently, the latest being a class action lawsuit, a local media reports. Maurice Blackburn Lawyers filed a new class action against the gambling company alleging its failures in corporate governance and risk management caused damage to investors as the share price sank more than […]

By Julie Moraine

Casino

Crown Resorts Terminates Agreements with CPH and James Packer

October 21, 2020

James Packer’s Consolidated Press Holdings (CPH) had two agreements with Crown Resorts terminated ahead of the annual general meeting (AGM) of Crown’s shareholders. No More Privileged Shareholder Information Crown Resorts announced Wednesday, October 21, it had terminated the Controlling Shareholder Protocol, an agreement dated back to October 31, 2018, under the terms of which confidential […]

By Julie Moraine

Legal

NSW: James Packer Told the Inquiry He Has Impaired Memory

October 6, 2020

James Packer, the businessman behind Crown Resorts, told commissioners from the independent inquiry his bipolar disorder badly affected a lot of his past actions. The casino mogul appeared for the first time in front of the inquiry members Tuesday afternoon. The Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) continues with hearings […]

By Fiona Simmons

Business

Crown Resorts Takes Cashless Payments for Test-Run at Perth

July 24, 2020

Responding to “societal changes” and hurrying up to adapt to the COVID-19 world, Crown Resorts announced that it would use cashless payment options at Crown Perth. The intiative is currently in test mode and will start on Monday, July 27. Crown Perth to Launch Cashless Payment Test Starting on Monday, casino guests at Crown Perth […]