Gaming & wagering
'It would be unthinkable': Crown Resorts' credibility in the crosshairs
As Crown's $2.4 billion Barangaroo development approaches it apex and readies to open its doors, another carefully constructed facade has cracked over the past two weeks.
- by Patrick Hatch
Latest
The Star Entertainment Group
The Star unconvinced of junket partner's crime links, inquiry hears
Star Entertainment has told a NSW inquiry it still works with a 'junket' partner allegedly linked to the criminal underworld because it has not uncovered enough evidence to terminate the relationship.
- by Patrick Hatch
Crown Resorts
Crown did not review junket partner despite red flags, inquiry hears
Crown Resorts has continued working with a "junket" partner despite warnings that its owner has links to organised crime and even after being directly challenged about the relationship by AUSTRAC.
- by Patrick Hatch
Tabcorp
Tabcorp to take $1b write-down as COVID-19 crushes punting
Tabcorp will write down its wagering and media business by at least $1 billion - or a third of the division’s book value - after it was hit by COVID-19 shutdowns and in reflection of it losing ground to online bookmakers.
- by Patrick Hatch
Crown Resorts
Crown moved to CBA when ANZ shut 'money laundering' accounts, inquiry hears
Crown Resorts opened accounts with the CBA using "misleading" names that masked their use for gambling and accepted high-risk cash deposits, an inquiry has heard.
- by Patrick Hatch
Crown Resorts
Crown says it did not have evidence linking junkets to drug syndicates
Crown Resorts’ chief legal officer says he did not talk to law enforcement agencies or engage his own investigators to check if some “junket” partners were in bed with organised crime.
- by Patrick Hatch
Crown Resorts
Crown's junket criminal checks start with marketing team, inquiry told
In what could be a conflict of interest, the James Packer-backed gaming giant conducts its due diligence of junket partners from within the marketing team tasked with luring wealthy high rollers to its Australian casinos.
- by Patrick Hatch
Crown Unmasked
Crown legal boss 'unaware' of concerns over junket operators, inquiry hears
Joshua Preston says he did not know whether Crown conducted any sort of review of its junket partnerships when reports of their criminal links first emerged in 2014.
- by Patrick Hatch
Gambling
Victorian poker machine losses fall $710 million due to COVID-19
Poker machine gambling losses in Victorian pubs and clubs fell by $710 million in the 12 months to June, according to new figures
- by Patrick Hatch
Companies
Las Vegas in a 'world of hurt' as pandemic devastates gambling capital
The world's largest casino company painted a bleak picture of the state of Las Vegas as it reported a 97 per cent drop in revenue.
- by Christopher Palmeri
Exclusive
Tabcorp
Tabcorp investors called for CEO's head before leadership overhaul
A group of major Tabcorp investors combined forces to demand the removal of chief executive David Attenborough and chairman Paula Dwyer.
- by Patrick Hatch