06/30/21 Crown Resorts: WA Royal Commission to release interim report Western Australian’s Royal Commission has sent an interim report to Governor Kim Beazley today.
06/28/21 Crown Sydney revenue affected by loss of VIP market, analysts say Fitch Ratings says Crown Sydney’s return on investment will be slower than initially expected due to the loss of the Chinese VIP market and competition from The Star for the premium mass market.
06/25/21 Former Crown employee wants to be called as witness Jenny Jiang, who was detained in China in 2016 along with 18 other employees for breaking Chinese gambling laws, wants to be called to give more details about Crown Resorts’ operations in China.
06/23/21 Star Entertainment and Crown Resorts discuss potential merger Star Entertainment and Crown Resorts’ CEOs met virtually to discuss options regarding a possible merger.
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.
06/11/21 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.
06/02/21 Crown Resorts to review responsible gambling programme Victoria’s Royal Commission has highlighted failures in Crown Resorts’ responsible gambling programme.
05/27/21 Former casino inspector denies writing Crown junket report Nick Toyne, a former casino inspector, said his name appeared on a report he didn’t write and which allowed criminals to run junkets at Crown Resorts.
05/27/21 Crown: money laundering activity detected up to February 2021 Nearly 50 account banks linked to Crown Resorts will be reviewed by a major auditing firm after indications of money laundering were detected between December 1, 2020, and February 18, 2021.
05/26/21 Crown sat on AML recommendations for over a year, inquiry hears Neil Jeans, principal at the anti-money laundering consultancy Initialism, advised Crown Resorts about suspicious transactions, but the company took 13 months to act.
05/22/21 Crown AML manager backs cashless gaming proposal Crown’s anti-money laundering manager Nick Stokes has said he’s in favour of phasing out cash at Crown’s casinos.
05/21/21 Crown legal chief dismissed money-laundering risks, inquiry hears Crown’s anti-money laundering manager Nick Stokes said he tried to raise the issue of money-laundering risks and prevention strategies but was not heard listened to.
05/20/21 VCGLR criticises Crown Resorts over 2019 ad The Victorian Commission for Gaming and Liquor Regulation has criticised Crown Resorts’ board for signing an advertisement that attacked its investigation that revealed money laundering through its casinos.
05/19/21 Crown Resorts tried to delay AML controls, inquiry hears On the second day of public hearings in Victoria, VCGLR licensing manager Jason Cremona said a former Crown executive tried to delay the introduction of tighter money-laundering controls.
05/17/21 Crown lied to Victorian gaming regulator, inquiry hears Timothy Bryant, a compliance officer at the Victorian Commission for Gambling and Liquor Regulation (VCGLR), said Crown Resorts lied to him about the arrest of 19 Crown executives in China in 2016.
