Archive

_2021-02-17
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...

_2021-02-10
Crown Resorts has a lot of work to do to satisfy the NSW Independent Liquor and Gaming Authority that it can keep its Sydney license and the idea it may have to blow itself up to survive is not far from the mark, according to Chair Philip Crawford.

_2021-02-08
An alleged international drug boss suspected of laundering millions of dollars through gaming giant Crown Resorts has been arrested in Thailand, where he is fighting efforts to be extradited to Australia.

_2020-12-11
Australia’s top anti-money laundering watchdog has released an in-depth report into junket operators, concluding they are highly vulnerable to criminal activity and that casinos need to do more to mitigate the risks.

_2020-12-11
Australia's anti-money laundering watchdog, AUSTRAC, says criminals and foreign agents have infiltrated the junkets bringing players into the country, putting it at high risk of money laundering and financing terrorism.

_2020-10-07
Testifying before an inquiry in Sydney, former Crown Resorts Chairman James Packer said the amount of profit generated by the company’s VIP business was not worth the risk posed to its employees.

_2020-09-29
Crown Resorts is unlikely to lose its license to run a new $2.2 billion property in Sydney following an inquiry into its suitability, J.P. Morgan says in a note.

_2020-09-28
James Packer insisted on selling a 19.9 percent stake in Crown Resorts to Melco Resorts & Entertainment, while the key executive negotiating the transaction gave “little thought” as to the potential impact on its Sydney license, an inquiry heard.

_2020-09-24
Senior executives from Crown Resorts, including CEO Ken Barton, answered questions this week at an inquiry into whether the company is suitable to hold a license in Sydney, revealing a “troubling” lack of awareness of company operations.

_2020-08-06
Imperial Pacific International said the company is not part of an investigation into racketeering, harbouring illegal aliens and money laundering being carried out by the US Department of Justice.

_2020-08-04
Two executives from Imperial Pacific International and one from its contractor MCC International face arrest if they return to U.S. soil after being indicted on 71 counts including, racketeering, international promotion of money laundering, harboring...

_2020-07-20
Marina Bay Sands has agreed to settle a lawsuit from a Chinese gambler demanding S$9.1 million ($6.5 million), the South China Morning Post reports, citing a person familiar with the matter. 

_2020-07-08
Cambodia’s cabinet on Monday passed long-awaited draft legislation to cover its casino industry, according to reports in the Phnom Penh Post. 

_2020-06-05
Marina Bay Sands is under investigation by the US Department of Justice over concerns that anti-money laundering regulations may have been breached on

_2020-05-15
Cambodia’s cabinet, lead by Prime Minister Hun Sen, reportedly met on Friday to discuss long-awaited laws on anti-money laundering, terrorism financing and counter-proliferation financing, The Phnom Penh Post reports. 

_2019-02-15
Australia is stepping up its game in seeking to stamp out match fixing, though the illegal gambling that underpins the problem is estimated to generate profits of at least $4.2 billion in just six jurisdictions and is growing much faster than legal wagering.

_2018-06-22
The seizure of UnionPay point of sale terminals (POS) from pawn shops in Macau earlier this month triggered a slide in operator shares on fears of tig

_2018-04-11
Imperial Pacific International is facing mounting levels of bad debt due to its practice of extending direct credit to VIPs, while it continues to struggle to make headway on completing its hotel facilities. Problems for Saipan’s only operator continue...

_2017-02-08
Victoria’s gaming regulator has been slammed by the state’s auditor general for failing to keep close enough supervision of the Crown Casino in Me