Archive

_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.

_2018-01-04
The 2018 outlook for Macau is positive, with gaming revenues likely to continue their recovery, though risks remain including the looming end of casin

_2017-11-22
Money laundering comes a close second to gambling addiction when it comes to reasons for opposing casinos in Japan, with local media stoking fears that the country’s organized crime gangs plan on using IRs to legitimize the proceeds from crime. These...

_2016-05-24
A former chair of the NSW Independent Liquor and Gaming Authority says Sydney’s Star Casino is at ‘major risk’ from organized crime after dramat