11/21/20 Moody’s downgrade to cost Crown Resorts US$1m a year The agency downgraded Crown’s notes after New South Wales’ regulator told it to delay opening its new casino in Barangaroo.
11/20/20 Two major investments for Australian hospitality sector Redcape has bought a hotel with a sports betting bar, while Hotel Property Investments acquired 3 pubs.
11/20/20 IPI’s licence at risk again The Commonwealth Casino Commission will meet on Tuesday to discuss IPI’s failure to comply with its extended payroll request.
11/19/20 Skycity closes Adelaide casino due to Covid-19 The casino and entertainment part of the venue will remain closed for six days. The inauguration of the new areas of the resort has been delayed.
11/19/20 Crown Resorts cancels Sydney casino inauguration The operator will only open non-gaming areas in December.
11/18/20 NSW expects over US$2bn from gaming tax The number represents an increase of US$36.5 million since the half-year review for the sector.
11/18/20 Crown parts ways with junkets for good The operator will only work with authorised junkets. It has begun a consultation with regulators from different states.
11/17/20 Skycity CEO makes sudden resignation The chief financial officer and marketing officer are also leaving the company.
11/15/20 Jumbo signs 10-year agreement with Lotterywest A subsidiary will work with the Western Australian state-operated lottery.
11/13/20 NSW debates bill to limit possible Crown claims Under the current contract, if the casino licence is cancelled by ILGA, the operator could request payment of US$145m in damages.
11/10/20 IPI to resume Garapan casino resort construction Imperial Pacific has announced it will soon resume construction of a new casino in Garapan.
11/10/20 Crown Melbourne restarts some gaming operations The casino will begin some operations with limited capacity as of November 12
11/10/20 Tabcorp loses US$7.29m due to fire The resulting outages impacted the firm’s TAB, Keno and gaming services operations over the weekend.
11/06/20 DFNN cleared to recapitalise Silver Heritage An Australian subsidiary of Hatch Asia will be able to subscribe 92 per cent of the existing shares of the casino developer.
11/05/20 Counsel says Crown Resorts “unsuitable” for licence The counsel assisting the NSW inquiry said the influence of shareholder James Packer was “harmful to the public interest.”
