Tuesday, July 27
The Latest in crown resorts
By
Casino

Decision on Crown Resorts’ Future in Western Australia to be Delayed

It was initially thought that an ongoing investigation into Crown Resorts’ suitability as a casino operator in Western Australia (WA) would have been wrapping up soon. Then, an extension was given to the investigation as it became clear that the casino operator’s possible derelictions were more extensive than initially thought. As of the end of […]
Decision on Crown Resorts’ Future in Western Australia to be Delayed
By
Casino

Star Entertainment Shies Away from Crown Resorts Takeover

Star Entertainment is no longer entertaining the idea of a Crown Resorts takeover. On paper dubbed a merger, any action by Star to integrate Crown’s operations into its own would have put the latter’s brass on notice that their days were numbered. However, seeing that Crown continues to face more scrutiny across Australia and may […]
Star Entertainment Shies Away from Crown Resorts Takeover
By
Business

Crown Melbourne Faces Possible License Suspension in Victoria

Crown Resorts may face another massive setback in Australia. The counsel assisting the Royal Commission in Victoria in its investigation of the casino operator thinks it shouldn’t retain its license due to the fact that it breached the Casino Control Act of Victoria. Barrister Adrian Finanzio SC has stated that Crown may not be worthy of […]
Crown Melbourne Faces Possible License Suspension in Victoria
By
Casino

Crown Resorts Called Out for Trying to Manipulate Ongoing Investigation

Crown Resorts has tried to play the pity card in Victoria and it didn’t go over very well. The casino operator has already shown its inability to act as a good corporate citizen in New South Wales (NSW) and could be facing similar trouble in Victoria and other states. Perhaps seeing the writing on the […]
Crown Resorts Called Out for Trying to Manipulate Ongoing Investigation
By
Business

Crown Resorts Boss Shows Long-Time Dissention in the Ranks

The truth always comes out and Crown Resorts is learning the lesson the hard way. The Australian casino operator, once at the top of the hospitality charts in the country, has slid from grace due to a number of issues that have plagued it over the past several years. It has been accused of tampering […]
Crown Resorts Boss Shows Long-Time Dissention in the Ranks
By
Industry

Crown Resorts May Face Difficulties This Year, Next Year, Too

In light of the impact of the COVID-19 pandemic, Crown Resorts released a trading and earnings update. The company revealed that it may report an operating loss for 2021, while a further negative financial impact may be observed next year, as well. Crown Resorts May Report Operating Loss for 2021 Fiscal Year Australia-based entertainment company […]
Crown Resorts May Face Difficulties This Year, Next Year, Too
By
Industry

Australia’s Gaming Industry Likely to Undergo Monumental Changes

If any good is coming out of the debacle surrounding Crown Resorts in Australia, it’s that the country’s gaming regulations are likely to be tweaked. Fitch Ratings has weighed in on what is happening in Australia with Crown and Star Entertainment, as well as the gaming industry, in general, and believes that the screws are […]
Australia’s Gaming Industry Likely to Undergo Monumental Changes
By
Casino

Star, Crown Resorts Meet over Potential Merger

As Crown Resorts continues to fend off an assault on its reputation and viability as a casino operator, a number of companies haven’t wasted time approaching it to offer potential buyout deals. Oaktree Capital Group and the Blackstone Group were seen as the largest contenders, especially because of their deep pockets, but then Australia’s own […]
Star, Crown Resorts Meet over Potential Merger
By
Business

Oaktree’s Structured Facility Bid to Crown Upped to AU$3.1B

Oaktree, a private equity firm based in the US, revised its initial offer to Crown Resorts related to the purchase of shares held by Consolidated Press Holdings (CPH), the troubled casino operator announced in a filing to the Australian Securities Exchange (ASX) Tuesday. CPH Stake Buy Back In April, the investment fund offered a funding […]
Oaktree’s Structured Facility Bid to Crown Upped to AU$3.1B
By
Legal

Crown Resorts Isn’t Only Australian Casino Operator to Act Irresponsibly, Asserts AUSTRAC

The level of drama surrounding Crown Resorts is enough to make soap opera writers envious, but it now appears that the casino operator’s actions may have only been part of a larger, more widespread issue. Crown has been under investigation by regulators across Australia for money laundering, machine tampering, and much more as its ability […]
Crown Resorts Isn’t Only Australian Casino Operator to Act Irresponsibly, Asserts AUSTRAC