Tag Archives Crown

Crown Resorts Limited ceases sharing information with its largest shareholder

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In Australia and an official examination into the casino license suitability of Crown Resorts Limited has reportedly been told that the firm has ceased sharing confidential information with its largest individual shareholder, James Packer (pictured). According to a Wednesday report from The New Daily digital newspaper, the billionaire businessman holds a 46% stake in ...

Crown Resorts Limited inquiry hears about relaxed James Packer stance

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In Australia and an official inquiry into the casino license suitability of Crown Resorts Limited has reportedly been told how the firm’s largest shareholder was seemingly unconcerned about allegations a potential investor may have held business links with former Macau casino magnate Stanley Ho Hung Sun. According to a Monday report from The Guardian ...

Crown Resorts Limited temporarily suspends all external junket activities

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Australian casino operator Crown Resorts Limited has reportedly announced that it has suspended ‘all activity’ with external junket operators until the end of June as part of an in-house review into its ‘compliance and governance processes.’ According to a report from GGRAsia, the Sydney-listed firm made the revelation via an official filing as it ...

Crown Resorts Limited well positioned to weather slow Crown Sydney start

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The more conservative financial profile currently being maintained by Australian casino operator Crown Resorts Limited should reportedly allow the firm to better weather the anticipated slow start to business for its coming Crown Sydney development. According to a report from Inside Asian Gaming, this is the opinion of global credit rations agency Fitch Ratings ...

Crown Resorts Limited enquiry hears from Jason O’Connor

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In Australia and an official enquiry looking into the license suitability of Crown Resorts Limited has reportedly taken evidence from one of the firm’s employees that was arrested by Chinese authorities in 2016 for illegally promoting gambling. According to a Sunday report from Inside Asian Gaming, Jason O’Connor (pictured) served as the casino operator’s ...

Playson adds to its Funky Fruits portfolio with new royal slot release Fruity Crown

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After wrapping up another successful network tournament, casino software developer Playson has added yet another game to its Funky Fruits portfolio, with the release of Fruity Crown. The five-reel, four-row online slot spiffs up the popular series, rolling out the red carpet in regal splendor and featuring 100 paylines. “Classic fruit slots are hugely ...

Spearhead Studios unveils second “Super July” title Royal Crown with classic fruit slot appeal

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As part of its “Super July” slots extravaganza, Spearhead Studios has launched Royal Crown, the second release of the month and latest addition to its fast-growing games portfolio. Built with classic fruit slots lovers in mind, the introduction of the new title is on the heels of the launch of Dark Joker which premiered ...

Western Australia’s Crown Perth to re-open its casino from Saturday

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In Australia and local casino firm Crown Resorts Limited has reportedly announced that its Crown Perth facility is to begin emerging from its coronavirus-related lockdown on Saturday although its sister Crown Melbourne venue is remaining shuttered. According to a report from Inside Asian Gaming, the Sydney-listed operator was forced to temporarily close the two ...

Crown Resorts Limited examination being temporarily suspended

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In Australia and the official inquiry into local casino operator Crown Resorts Limited will reportedly be temporarily suspended from tomorrow in order to accommodate a legal appeal lodged by the Attorney General for New South Wales, Mark Speakman. According to a Wednesday report from The Australian newspaper, the wide-ranging examination from the New South ...

Crown Resorts Limited investigation gets underway in New South Wales

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In Australia and the gaming regulator for New South Wales has reportedly launched the first of five public hearings into allegations that local casino operator Crown Resorts Limited may have utilized unscrupulous agents in order to attract wealthy Chinese gamblers to its venues. According to a Saturday report from the Bloomberg news service, the investigation ...

Crown Resorts Limited shareholders express their unease

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Australian casino operator, Crown Resorts Limited, reportedly held its annual shareholders’ meeting last week and narrowly avoided having its remuneration report voted down as investors questioned senior executives about a wave of recent scandals. According to a Thursday report from The Guardian newspaper, the Melbourne-headquartered firm is responsible for the Crown Perth venue in ...

Horseracing trainer denies Triple Crown winner Justify was helped by drugs

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In the United States, the trainer behind the last year’s Triple Crown-winning Justify has reportedly come under fire after it emerged that the colt had allegedly tested positive for a banned substance just weeks before triumphing in the first of the three-race series. According to a Thursday report from NBCNews.com citing an earlier story ...

New South Wales regulator launches Crown Resorts Limited investigation

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In Australia and the gaming regulator for the eastern state of New South Wales has reportedly launched an investigation into whether local casino operator Crown Resorts Limited may have violated its license conditions by agreeing to sell an almost 20% stake in its business to Asian counterpart Melco Resorts and Entertainment Limited. According to ...

Crown Resorts Limited annual financials hurt by drop in VIP revenues

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Australian casino operator, Crown Resorts Limited, has released its financial results for the twelve months to the end of June showing that its net profit for the period had decreased by 28.1% year-on-year to approximately $273.03 million. The Sydney-listed firm used an official filing (pdf) to detail that its actual annual earnings before interest, ...

Australia officials to investigate Crown Resorts over gambler visa fast-track claims

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Recent allegations against Crown Resorts regarding preferential treatment to Chinese gamblers regarding fast-tracking visas has caused officials in Australia to begin an investigation into the company. Attorney General, Christian Porter, has alerted parliament that a probe will take place against Crown after several reports surfaced within the media regarding expedited visas for gamblers from ...