By 
Casino News Daily ·
In a decision that echoes through the Australian business landscape, Crown Resorts has finally secured approval to operate its Sydney casino. This long-awaited green light, granted on April 23rd, 2024,…
By 
Terry Davis ·
On Thursday the board of Crown Resorts Ltd (CWN.AX) said that it is “likely” to get behind a buyout offer by U.S. private equity firm Blackstone Inc (BX.N) for a…
By Terry Davis ·
Australian casino operator The Star Entertainment Group has made a non-binding proposal to merge with rival Crown Resorts in a move that would create a A$12 billion ASX-listed gaming and…
By Terry Davis ·
Global investment firm Oaktree Capital Management has offered Crown Resorts as much as A$3 billion (approx. $2.3 billion) in financing to help the Australian casino operator buy some or all…
By 
Robert Johnson ·
The CEO of Crown Resorts Ken Barton announced his resignation as the company is grappling with the consequences of multiple money laundering allegations. The company was also accused in nurturing…
By Robert Johnson ·
A months-long public inquiry deems Crown Resorts unsuitable to operate a new Sydney casino due to allegations of money laundering. Media first raised the allegations in 2014. Since then the…
By Terry Davis ·
Australian casino operator Crown Resorts has denied allegations that its casinos in Melbourne and Perth have turned into a money launderers’ paradise after a bombshell investigation threw shade at the…
By Terry Davis ·
A joint investigation by Australian media outlets The Age, The Sydney Morning Herald and television show 60 Minutes aided by one of the biggest corporate data leaks in Australia details…
By Terry Davis ·
Hong Kong businessman Lawrence Ho purchasing a 19.9% stake in Australian casino operator Crown Resorts could mean trouble for the company’s A$2.2 billion Sydney integrated resort project, local news outlets…
By Terry Davis ·
The land-based casino consolidation wave has just washed over the Australian coast to see two of the industry’s big players rekindle their previous bromance In a statement from earlier today,…
By Robert Johnson ·
Australian gambling operator Crown Resorts will keep the license for its Melbourne casino operation, following today’s publication of a review of the business by the Victorian Commission for Gambling and…
By 
Susan Sutton ·
The Australian billionaire media and casino mogul James Packer has stepped down from the board of Crown Resorts. The company revealed the move in a brief statement posted today on…
By Robert Johnson ·
Australian hotel and casino operator Crown Resorts today announced that it had locked several asset divestment deals and that it will be using proceeds from these to reduce its debt.…
By Terry Davis ·
Australian casino operator Crown Resorts has once again found itself at the heart of a serious controversy after a former employee has brought the company to court, claiming that she…
By Robert Johnson ·
The first group of Crown Resorts employees, who were arrested last October for the illegal promotion of casino gambling in Mainland China, was released earlier today, Reuters reported. Ten of…
By Robert Johnson ·
Mainland China VIP casino customers lost around $665 million (A$875 million) at Crown Resorts casinos during the previous financial year, court filings from the Shanghai Baoshan district court showed. Obtained…
By Terry Davis ·
Crown Resorts employees who were detained in mid-October 2016 in China for the illegal promotion of gambling services were given nine- to ten-month sentences by the Baoshan District Court. Last…
By Robert Johnson ·
Australian casino operator Crown Resorts today announced that its staff members, who were detained last fall over allegations for gambling-related activities, have been charged with “offenses related to the promotion…
By Robert Johnson ·
Australian casino operator Crown Resorts has undertaken another move to dispose of its international assets, local media has reported. The company, led by billionaire James Packer, is selling a Las…
By Terry Davis ·
Casino developers and operators Melco Resorts & Entertainment, recently rebranded from Melco Crown, and Crown Resorts announced today that they will part ways after a decade of collaboration. The joint…
By Robert Johnson ·
With market cap of around A$8.4 billion, Crown Resorts Ltd. is one of Australia’s largest casino operators. The company runs two integrated resorts – one in Melbourne and the other…
By Robert Johnson ·
Australian casino operator Crown Resorts may become a defendant in a class action from shareholders as a result from a significant share slide over the past several months. Australian plaintiff…
By Terry Davis ·
Australian business magnate James Packer is to return to casino operator Crown Resorts’ board as a director shortly after the company scrapped plans for US expansion and reduced its stake…
By Terry Davis ·
Australian casino developer and operator Crown Resorts has cleared what seemed to be its last legal hurdle preventing the construction of a A$2-billion hotel and casino resort in Sydney’s Barangaroo…
By Susan Sutton ·
Crown Resorts has doubled down on its massive retreat from international operations after agreeing to sell another A$300 million of its stake in Macau casinos. It was announced Crown had…
By Terry Davis ·
China has officially arrested the seventeen Crown Resorts employees who have been held in custody since mid-October for allegedly being involved in gambling-related crimes. The staff members are to remain…
By Robert Johnson ·
A Crown Resorts employee who has spent this past month in custody in Mainland China was released on bail on Friday, local media reported. It is understood that the person…
By Robert Johnson ·
Major Australian casino operator Crown Resorts Ltd. said in a Thursday filing to the Australian Securities Exchange that it would proceed with plans for demerging its international assets from its…
By Robert Johnson ·
Australian media reported that talks on a A$3-billion project for the construction of an integrated casino resort on the Gold Coast have been progressing and that the proposal is likely…
By Robert Johnson ·
Business tycoon James Packer sold a A$448-million stake in Australian casino operator Crown Resorts Ltd., thus reducing his interest in the company to 48.2%, local media reported earlier today. Consolidated…