12/17/20 Crown Sydney to open non-gaming areas The operator has received a provisional liquor licence to operate part of the new venue, which will open on December 28.
12/16/20 Crown whistleblower sues company for damages A former employee that went to jail due to the operator’s business in China has filed a claim at the Supreme Court of Victoria.
12/15/20 Crown faces second class action from shareholders A new lawsuit alleges that the Australian operator engaged in misleading behaviour over its anti-money laundering controls.
12/02/20 Crown appoints chief compliance and financial crimes officer The casino operator has created the new role in a bid to show commitment with compliance.
11/26/20 Fitch places Crown under negative ratings watch The ratings agency has downgraded the operator again, fearing it could be hit by to fines or other sanctions from regulators in various states.
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.
11/19/20 Crown Resorts cancels Sydney casino inauguration The operator will only open non-gaming areas in December.
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.
11/13/20 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 Crown Melbourne restarts some gaming operations The casino will begin some operations with limited capacity as of November 12
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.”
10/27/20 Fitch downgrades Crown’s outlook after probe The ratings agency does not believe the operator will lose its casino licence but could suffer heavy fines and penalties.
10/23/20 James Packer’s vote spares Crown execs At its annual general meeting, Crown’s chairman said the operator won’t work with junkets without consultation with regulators and Deloitte.
10/22/20 Crown terminates contracts with Packer’s firm The operator has cancelled contracts with Consolidated Press Holdings (CPH).
10/21/20 Crown chair admits “ineptitude” handling Suncity junket Helen Coonan has admitted failings at the NSW inquiry but said the company is ready to open its new Sydney casino.
