Archive

_2021-03-24
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.

_2021-03-22
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.

_2021-03-16
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.

_2021-03-05
Crown Resorts said a probe into its suitability to hold a casino license in Western Australia will take the form of a Royal Commission. The company is also facing the country's move wide-reaching form of inquiry in Victoria.

_2021-03-04
Crown Resorts confirms that the seventh review of its suitability to hold a casino license in Victoria will not proceed as scheduled due to a separate Royal Commission probe into its business practices.

_2021-02-26
International Entertainment said it has hired various advisers to provide a legal opinion on the operation of casinos and gaming activities and to review the company's internal control policies in order to comply with a guidance letter from the Hong Kong...

_2021-02-22
The Victorian government is setting up a royal commission to probe whether Crown Resorts is suitable to hold a license for its flagship property in Melbourne.

_2021-02-16
The NSW Independent Liquor and Gaming Authority has officially told Crown Resorts that it's unsuitable to hold a license in Sydney.

_2021-02-10
Heads have begun to roll at Crown Resorts, a day after a bombshell report found it was unsuitable to hold a Sydney license, with regulators warning the company will need to “blow itself up” to regain suitability.

_2021-02-03
Star Entertainment is likely to benefit from expected delays to Crown Resorts’ ability to open a casino in Sydney and its current share price presents a good buying opportunity, J.P. Morgan said in a report. 

_2021-01-29
The New South Wales Independent Liquor and Control Board said it will receive the results of an investigation into Crown Resorts suitability to hold a license in Sydney on Monday Feb. 1 and will make the report public within two weeks.

_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.

_2020-09-25
Crown Resorts said it’s suspending junket operations until June of next year while it reviews its compliance and governance operations. 

_2019-09-06
Australian regulators are likely to focus on probity issues in their investigations into Crown Resorts’ operations, although experts don’t expect any major red flags to be raised.

_2019-04-02
Regulators in Massachusetts say Wynn Resorts failed to follow its own procedures when handling sexual misconduct allegations against founder and forme