05/17/21 Crown Resorts turns down Blackstone offer Crown Resorts’ board has concluded that the revised bid from Blackstone is not in the best interests of shareholders.
05/15/21 Crown Resorts’ Barangaroo casino could open by October The New South Wales regulator has said Crown Resorts is on track to open its Barangaroo casino by October. The news may scupper potential buyers’ hope for a discount, JP Morgan says.
05/13/21 Crown Resorts to implement cashless gambling Crown Resorts has agreed to introduce cashless gaming at its casinos to help tackle money laundering.
05/13/21 Victoria’s Royal Commission to examine Crown staff arrests in China The Royal Commission chaired by former Federal Court judge Raymond Finkelstein will analyse the 2016 episode in which 19 Crown execs were arrested in China.
05/13/21 Star’s bid for Crown reopens debate on gambling industry The possible merger of Crown Resorts and Star Entertainment could accelerate a change in the Australian gaming industry according to changes suggested by Patricia Bergin’s final report.
05/13/21 Another contender could enter the bidding for Crown Resorts CC Land Holdings, a Hong Kong real-estate development, is reported to be interested in bidding for Crown Resorts.
05/12/21 Western Australian casino regulator unskilled on money laundering Gaming and Wagering Commission member Barry Sargeant said the regulator lacked policies or procedures for dealing with the risks of criminal activity at Crown Resorts.
05/12/21 Public inquiry to determine Crown and Star merger suitability The Australian Competition and Consumer Commission (ACCC) will conduct a public review to analyse whether Crown Resorts and Star are allowed to merge.
05/12/21 Crown Resorts announces Steve McCann as new CEO Steve McCann will assume his new role as CEO of Crown Resorts on June 1.
05/11/21 Western Australian casino regulator lacking experience, inquiry hears The chair of Western Australia’s Gaming and Wagering Commission (GWC) has told an inquiry he had no experience in casino regulation.
05/10/21 Crown receives acquisition offer from The Star Entertainment Crown Resorts has received an AU$12bn (US$9.4bn) offer from Australian casino operator The Star Entertainment.
04/28/21 Crown Melbourne hit with AU$1m fine over junket operations The Victorian Commission for Gambling and Liquor Regulation has fined Crown Melbourne AU$1m (US$777,305) for not complying with regulatory requirements concerning junket operations.
04/28/21 Crown’s Barangaroo casino gets interim liquor licence Crown’s licence to sell alcohol at restaurants and bars at its new property in Barangaroo, Sydney, has been extended until October 2021. Its gaming facilities remain closed.
04/21/21 Former WA chief casino officer faces Crown Royal Commission Michael Connolly has hired legal representation to face the state’s Royal Commission into Crown Resorts.
04/19/21 Oaktree makes US$2.32bn offer for James Packer’s Crown shares Crown Resorts has received an AU$3bn (US$2.32bn) offer from Oaktree Capital Management to acquire the 37 per cent stake owned by James Packer.
