The outlook on Crown Resorts’ credit rating has been revised lower to “negative” by Moody’s Investors Service, as the Australian gaming company faces increasing regulatory pressure in its home country. ...
Western Australia junket prohibition for Crown Resorts Limited
In Australia and prominent casino operator Crown Resorts Limited has reportedly been ordered to immediately stop using junket firms in order to help lure high-value foreign players to its Crown Perth facility. According to a Wednesday report from the online news domain at News.com.au, the command from the Gaming and Wagering Commission of Western ...
Massachusetts regulator to weigh in on Wynn Resorts Limited lawsuit
The Massachusetts Gaming Commission has reportedly decided to file a friend-of-the-court amicus brief that could well help Wynn Resorts Limited prevail in a lawsuit being brought by a disgruntled Encore Boston Harbor blackjack player. According to a Wednesday report from the Las Vegas Review-Journal newspaper, the regulator had considered lodging a similar motion last ...
Crown Resorts Limited records six-month loss owing to coronavirus closures
The value of individual shares in Crown Resorts Limited increased slightly earlier today despite the Australian casino operator having publicized an overall loss of around $93.5 million for the six months to the end of December. The Sydney-listed firm used an official press release (pdf) to detail that the 155% comparable drop in half-year ...
Crown Resorts Faces Suitability Exam For Perth Casino License After Money Laundering Report
Crown Resorts is facing fresh scrutiny in the state of Western Australia (WA), where it operates the Crown Perth Casino. The state gaming regulator, the Gaming and Wagering Commission (GWC), has asked that a public inquiry be established to determine the company’s suitability for licensing in the jurisdiction. ...
Genting Malaysia announces early reopening of Resorts World Genting and non-gaming properties due to relaxed COVID-19 restrictions
This week, Genting Malaysia announced that Resorts World Genting reopened on February 16, a few days earlier than expected. The company will open its Resorts World Langkawi and Resorts World Kijal non-gaming properties on February 19. The venues had been closed due to the local Movement Control Order. The COVID-19 restrictions of the order ...
Ken Barton resigns as Crown Resorts CEO; Helen Coonan takes over as executive chairman
Ken Barton is no longer the CEO or managing director of Crown Resorts. After the report by New South Wales Supreme Court Judge Patrician Bergin was released, stating the company was not fit to hold its Crown Sydney license, the company announced it was taking significant steps to improve compliance, its company culture, and ...
MGM Resorts International remaining keen on Osaka casino project
The boss for American casino operator MGM Resorts International has reportedly revealed that his firm is still interested in being given the right to bring a gambling-friendly development to the Japanese city of Osaka. According to a report from Inside Asian Gaming, Bill Hornbuckle (pictured) serves as President and Chief Executive Officer for the ...
Post-inquiry terminations and resignations hit Crown Resorts Limited
In Australia and the Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle of billionaire businessman James Packer has reportedly severed its boardroom ties with prominent casino operator Crown Resorts Limited. According to a Tuesday report from the Australian Broadcasting Corporation, the investments enterprise holds a preeminent 36% stake in the casino firm although it has ...
Crown Resorts Limited hit with damning New South Wales verdict
In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making sweeping changes to its leadership and the way it is run. According to a report from The Guardian newspaper, the New ...
Resorts World plans to open gambling hall with electronic games inside Newburgh Mall
Orange County in New York State could soon become a major gaming hub if Resorts World Catskills’ plan to open a new electronic gaming casino at the struggling Newburgh Mall come to fruition. The project was originally set for the former Nepera Chemical plant in the village of Harriman, however, those plans fell through ...