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Legal
October 19, 2020
AUSTRAC Launches Investigation into Crown’s Compliance
Crown Resorts announced Monday its flagship casino in Melbourne has been subjected to an investigation by the Australia’s financial crimes regulatory body, the Australian Transaction Reports and Analysis Centre (AUSTRAC). Due to an assessment which started in September 2019, the agency is concerned with the way the casino is handling high net worth individuals (HNWIs) […]
Legal
October 9, 2020
NSW: Packer Admits to Being Aware of Junkets Links with Crime
During his third and final day of answering questions related to the New South Wales (NSW) Independent Liquor and Gaming Authority (ILGA) inquiry into Crown’s suitability for a casino license, James Packer admitted he knew about the links between junkets at Crown Resorts and organized crime. James Packer told the inquiry that he has long […]
Legal
October 6, 2020
NSW: James Packer Told the Inquiry He Has Impaired Memory
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 […]
Legal
October 4, 2020
NSW: Former Crown CEO Unaware of Possible Money Laundering
John Alexander, Chairman of Crown Resorts and former CEO of the casino operator could not recall being briefed about millions in cash found out in a junket’s private gambling room in the casino. The former media executive, now right-hand man of James Packer, was grilled during the ongoing investigation by the Independent Liquor and Gaming […]
Legal
September 2, 2020
NSW Inquiry: Crown AML Did Not Monitor Suspicious Bank Accounts
The public inquiry into the suitability for casino license of Crown Resorts for its new resort in Barangaroo continued as the inquirers heard from Crown’s top legal officer casino’s anti-money laundering (AML) teams did not monitor a couple of bank accounts which have been suspected to have been used to clean dirty cash. Previously, Crown’s […]
Casino
August 18, 2020
NSW Inquiry: Crown Risked Staff Arrests Despite Sound Warning
Crown Resorts did nothing to protect their China-based members of staff from being arrested, despite being notified of the high risk and the fear its employees were living in, an ongoing investigation by the Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) into the suitability of the ASX-listed company to hold a […]
Business
July 24, 2020
Crown Resorts Takes Cashless Payments for Test-Run at Perth
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 […]
Casino
May 11, 2020
LVS May be Considering the Acquisition of Wynn Resorts, Analysts Suggest
Las Vegas Sands (LVS) may be looking to acquire Wynn Resorts, an analysis by a boutique investment bank and advisory firm for the gaming industry suggests. Union Gaming LLC, in a note published Thursday overnight, cited Okada Manila in the Philippines, Australia-based Crown Resorts, and Wynn Resorts, all three as potential acquisition targets for the […]
Casino
April 29, 2020
Crown Client Filed Suit for Negligence against the Casino
Crown Casino in Melbourne is being sued for negligence by a client who suffered life-changing injuries after slipping on a spot of vomit on the casino’s floor. Michael Stephenson, the plaintiff, will always remember that night in December 2017, a night that he ended with a broken neck. Crown Casino in Melbourne that is owned […]
Business
April 16, 2020
Star Entertainment and Crown Resorts Cut Executives Pay
Australia’s largest casino operators, The Star Entertainment Group and Crown Resorts, have adopted measures to weather the COVID-19 occasioned lockdown without taking too much of a financial hit. Crown Resorts and The Star Entertainment Group Updated Securities Filings Australian casino giants have taken serious pay cuts across their executive staff to help weather the coronavirus […]