Crown Resorts
Crown fined $1m over failure to vet ‘junkets’ for crime links
Crown Resorts has been slapped with a $1 million fine by Victoria’s gambling regulator over its failure to vet high-roller “junket” tour partners for criminal links and other probity issues.
- by Patrick Hatch
Latest
Crown has ‘a way to go yet’ to regain Sydney licence, regulator warns
Crown Resorts will have work harder and wait a little longer before it can open the gaming floors in its $2.2 billion tower at Barangaroo, Sydney.
- by Patrick Hatch
Former WA chief casino officer Michael Connolly hires lawyer for Crown royal commission
In a brief second session of the Perth Casino Royal Commission, the key people expected to appear before the royal commission were revealed.
- by Tess Ingram
Crown could buy back Packer shares under proposed Oaktree deal
Oaktree Capital Management’s offer to help Crown buy back up to $3 billion worth of shares from James Packer could see the reclusive billionaire finally walk away from the troubled casino giant.
- by Patrick Hatch
Packer agrees to Crown board ban in inquiry fallout
Billionaire casino mogul James Packer has agreed to play no role in how Crown Resorts is run for the next three-and-a-half years.
- by Patrick Hatch
Opinion
Casinos
Packer’s win-lose as he keeps Crown shares, but forfeits vote
After months of negotiations, the NSW gaming regulator ILGA has come to a deal with James Packer.
- by Elizabeth Knight
‘Grave matters’ to be examined as WA Crown royal commission begins
Day one revealed expert evidence was likely required on whether WA’s casino regulation legislation, enacted in the mid-1980s, remains fit for purpose.
- by Tess Ingram
Crown taps former SkyCity deputy chair for board rebuild
Crown Resorts has appointed prominent South Australian businessman and former SkyCity deputy chair Bruce Carter as a director to help rebuild the casino group’s emaciated board.
- by Patrick Hatch
Packer ‘open’ to Crown takeover but will make own call on bid
James Packer has indicated he is open to selling his 37 per cent stake in the casino group Crown Resorts following an $8 billion takeover offer from private equity giant Blackstone.
- by Patrick Hatch
Analysis
Casinos
Star might shine for Packer’s Sydney casino if Crown is broken apart
A possible break-up of Crown could put Star Entertainment in the box seat for the group’s Sydney casino.
- by Anne Hyland
Crown ‘does not accept’ key Bergin findings, royal commission hears
Crown Resorts does not accept that it deliberately or willfully facilitated money laundering at its Melbourne casino, the head of Victoria’s royal commission into Crown has said during the inquiry’s first hearing.
- by Paul Sakkal, Patrick Hatch and Ben Schneiders