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Legal
December 14, 2020
Crown Faces Class Action Lawsuit Requesting Share Buyback
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 […]
Legal
December 7, 2020
AUSTRAC Says Casinos Responsible for Overseeing Junket Operators
AUSTRAC’s CEO, Nicole Rose, has said that the regulatory onus is on individual casinos to ensure that junket operators do not pose risk to AML compliance. Australian Financial Fraud Squad Says Casinos Must Regulate Junkets ‘Do not pass business responsibility onto regulators,’ this is the unambiguous message Nicole Rose, head of Australia’s financial fraud squad […]
Legal
November 20, 2020
Crown Proposes “Working Test” Instead of Casino Opening Delay
Crown is desperate to salvage the opening of its AU$2.2 billion casino in Barangaroo near Sydney after the New South Wales (NSW) regulator asked the operator to delay the casino opening until the final inquiry report is submitted. Working Test to Save the Day In a last ditch attempt, Crown proposed to open the casino […]
Casino
November 18, 2020
Crown Casino Would Not Open before Final Inquiry Report
Crown’s scheduled opening for its newly-built AU$2.2 billion casino resort in Barangaroo near Sydney will be delayed, after the New South Wales (NSW) regulator officially asked the casino operator to postpone the opening until February at least. Casino Opening Delayed The Independent Liquor and Gaming Authority (ILGA) requested the casino operator to delay the reopening […]
Poker
November 18, 2020
2021 Australian Poker Millions Postponed Indefinitely
Australia’s largest and most prestigious poker event, Australian Poker Millions, has postponed the 2021 edition indefinitely until the covid-19 pandemic has been handled. This follows a series of cancellations of other important poker events in the country this year. 2021 Aussie Poker Millions Scrapped Until Further Notice The Australian poker community has taken another blow […]
Legal
November 16, 2020
Crown: China Arrests Down to Bona Fides Honest Assumption
The New South Wales (NSW) inquiry into Crown’s suitability to hold a casino license is getting into its final stages and a counsel for Crown told the inquiry executives at the company acted “with bona fides and honesty” when assessing the risk for its employees in China in 2016. Final Submissions Crown is making its […]
Legal
November 9, 2020
VCGLR Will Not Discipline Crown before NSW Final Report
The Victoria Commission for Gambling and Liquor Regulation (VCGLR) will do what is necessary to enforce Crown Resorts to comply with regulations, but only after the final report from the New South Wales (NSW) regulator, the Independent Liquor and Gaming Authority (ILGA), Victorian Premier Daniel Andrews stated. VCGLR Will Not Act Solely on Recommendations The […]
Legal
November 5, 2020
Crown Resorts May Have Its License Suspended or Cancelled
The New South Wales (NSW) gambling regulator’s inquiry into Crown Resorts’ suitability for holding a casino license is continuing and the Independent Liquor and Gaming Authority (ILGA) showed Thursday for the first time what is at stake. The New Casino Opening under Threat Just weeks before the scheduled opening for its newly-built AU$2.2 billion casino […]
Legal
October 30, 2020
VCGLR Annual Report: Crown Staff Arrest Investigation Continues
This week, the Victoria Commission for Gambling and Liquor Regulation (VCGLR) tabled its annual report in the state parliament, showing it did not attempt to contact employees of Crown Resorts who were arrested in China, until after one of them appeared on TV two years into the regulator’s investigation. More Criticism for the Watchdog Likely […]
Casino
October 21, 2020
Crown Resorts Terminates Agreements with CPH and James Packer
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 […]