06/23/21 CCC to cut staff due to Imperial Pacific’s closure The Commonwealth Casino Commission (CCC) is in an economic crisis due to Imperial Pacific International’s non-payment of its licence, and itplans to lay off 22 workers.
06/23/21 Cambodian government to intercede in NagaCorp conflict with unions A meeting between NagaCorp’s management and laid-off workers will be attended by the country’s Ministry of Labour and Vocational Training.
06/22/21 Reef Casino expects to announce profits of AU$3m Reef Casino Trust has announced its distributable profit for the first six months of the year will be approximately AU$3m.
06/21/21 AUSTRAC to join forces with local banks over casino investigations AUSTRAC will partner with Australian banks to continue investigating all three casino operators due to potential financial crimes.
06/16/21 NagaCorp completes issue of US$200m in senior notes NagaCorp has announced that its additional US$200m issue of 7.95 per cent senior notes has completed.
06/16/21 Imperial Pacific requests review into gaming licence suspension IPI says that it should be exempt from paying its licence fee to the Commonwealth Casino Commission for the last year.
06/15/21 Australia: NSW launches gambling harms programme The NSW government has launched a campaign dubbed “The Number that Changed My Life” to help people dealing with gambling addiction issues.
06/15/21 Oaktree makes new offer for James Packer’s Crown shares Oaktree has increased its original bid with an AU$3.1bn (US$2.39bn) offer to acquire James Packer’s 37 per cent stake in Crown Resorts.
06/14/21 War of words over legal advice for former IPI chairwoman Cui Li Jie’s former lawyer, Juan T. Lizama, has said that John Mo Shi Jian, a former Macau law professor, was giving the former IPI chairwoman bad advice.
06/12/21 SkyCity expects strong performance for FY21 SkyCity expects a normalised EBITDA of between $247-253m for the financial year ending June 30 thanks to a rise in domestic tourism.
06/11/21 Victoria’s Royal Commission extends inquiry into Crown Resorts Former Federal Court judge Raymond Finkelstein has ordered an extension to the inquiry up to October 15.
06/11/21 Pressure mounts for SkyCity to return more profit to community Hamilton City Council has made a draft submission to review licence conditions for casinos since SkyCity only returns 1.5 per cent of its profit to the community while pubs and clubs must return 40 per cent.
06/11/21 Imperial Pacific continues to pay back wages Imperial Pacific has said it continues to pay its scheduled back wages payments in full and on time.
06/10/21 NagaCorp revenue to reach 40% of pre-pandemic levels in 2021 Moody’s Investor Service Inc has reported that a full recovery will not come until 2022 due to multiple closures in 2020 and 2021.
06/10/21 Crown Melbourne gaming facilities to remain closed Crown Melbourne will reopen its hotel and food and beverage operations from Friday but gaming facilities will remain closed.
