New South Wales chief gaming regulator Philip Crawford said the reinstatement of Crown Resorts’ license in New South Wales is a “realistic prospect”, provided the company has its “structures in place.”
Tabcorp says it’s taking time to carry out a strategic review of its businesses to extract more value for shareholders after receiving unsolicited bids for its wagering and media business, which it says were too low.
Tabcorp Holdings said it views the unsolicited approaches for its wagering and media business are too low. The proposals, including an offer from the U.K.'s Entain, were for $3 billion.
The report to the New South Wales Independent Liquor and Gaming Authority of the Bergin Inquiry into the suitability of Crown Resorts and its in-scope associates, in connection with its Barangaroo casino licence, has energised the discourse regarding...
Outside of the global pandemic, the trade war between Australia and China is casting another dark shadow over Australia’s already-strained VIP gaming industry, prompting operators to start looking elsewhere for recovery.
The Australian media has highlighted the possibility that Blackstone’s bid for Crown Resorts could lead to the possibility of the gambling empire being broken up and sold in its constituent parts.
Billionaire James Packer plans to abide by the decision of Crown Resorts' board on whether to accept an A$8 billion ($6.2 billion) bid from Blackstone Group, reinforcing the company's negotiating stance.
Star Entertainment has reportedly decided to stay clear of any effort to join a bidding war to gain control of troubled Crown Resorts.
Crown Resorts said it has been allowed to ease social distancing requirements at its Crown Melbourne property to allow up to 75 percent of its permitted capacity.
Australia-listed PointsBet Holdings announced that Kosha Gada has been nominated as an independent non-executive director, effective May 3, 2021.
Victoria's Royal Commission investigating Crown Resorts is to begin its first hearing tomorrow, March 24. The inquiry will be chaired by former Federal Court judge Raymond Finkelstein.
Blackstone is unlikely to win approval from Crown Resorts’ board or shareholders with its current A$11.85 bid, J.P. Morgan analysts wrote in a note.
New Zealand Prime Minister Jacinda Ardern has said she will announce the dates on which quarantine travel can resume with Australia on April 6th.
Crown Resorts has confirmed it has received an unsolicited, non-binding, indicative proposal from The Blackstone Group Inc to buy out all of its shares in an A$8 billion deal.
The Murdoch family’s US media business Fox Corporation has been working with other investors on a potential bid for parts of ASX-listed gaming operator Tabcorp, reports the Sydney Morning Herald.
Greentube Pro 2.0, developed by the supplier’s subsidiary Bluebat Games, is a marketing solution that enables global land-based casinos to stay connected with their players by engaging them with the casino brand through online social casino gaming.
The New South Wales Independent Liquor and Gaming Authority said it may be willing to roll over Crown Resorts' liquor license on a monthly basis while regulators deliberate whether it can regain suitability for its casino license.
Australia-based PointsBet Holdings has announced that its wholly-owned Irish subsidiary Lockspell Limited has entered into a binding share purchase agreement to acquire Ireland-based Banach Technology, with its eye on the in-play sports wagering market...
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