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Crown Resorts Sells Remaining Stake In Melco Crown Joint Venture

Crown Resorts Sells Remaining Stake In Melco Crown Joint Venture

May 12, 2017
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by Charlie Taylor
Australian casino developer Crown Resorts has decided to sell the remainder of its stake in Melco Resorts and Entertainment Ltd, resulting in the termination of the joint venture relationship. Making the announcement, Melco Resorts said that it would be...
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Silver Heritage Highlights Risk Of Depending On Chinese VIP gamblers

Silver Heritage Highlights Risk Of Depending On Chinese VIP gamblers

April 6, 2017
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by Charlie Taylor
The chairman of Australian casino operator Silver Heritage Group Ltd has highlighted the benefit of focusing on the Indian market rather than the Chinese market, pointing to recent developments. David Green, the chairman made the comments in the company’s...
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James Packer Encashes Crown Debt Notes Worth A$100 Million

James Packer Encashes Crown Debt Notes Worth A$100 Million

March 21, 2017
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by Charlie Taylor
James Packer, the Australian casino tycoon has cashed in debt notes worth A$100 million that he was holding in his company Crown Resorts. Packer reportedly sold a million subordinated notes for A$101.58 each last week to Crown Resorts, which...
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ASF Consortium Releases Fresh Plans For Gold Coast Casino Project

ASF Consortium Releases Fresh Plans For Gold Coast Casino Project

March 14, 2017
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by Charlie Taylor
ASF Consortium, the Chinese developer who is responsible for constructing the Gold Coast Integrated Resort in the state of Queensland, Australia has released fresh design plans for the project. Initial plans for the A$3-billion project which is awaiting approval...
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Ex-Australian Gaming Head Warns Of Regulatory Action Against China

Ex-Australian Gaming Head Warns Of Regulatory Action Against China

March 8, 2017
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by Charlie Taylor
The ex-head of the New South Wales (NSW) gaming regulator has warned that if China convicts any of the Crown Resorts employees arrested last October for gambling crimes, it might result in Australia’s regulatory body taking up a review...
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Major Overhaul Including Job Cuts Indicated By Crown Resorts

Major Overhaul Including Job Cuts Indicated By Crown Resorts

February 24, 2017
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by Charlie Taylor
Australian casino operator Crown Resorts is expected to announce extensive jobs cuts in coming months after an in-depth business review by the new executive chairman John Alexander is concluded. Crown Resorts owner James Packer has said earlier that he...
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Star Entertainment Sees VIP Revenue Affected Following Crown Arrests

Star Entertainment Sees VIP Revenue Affected Following Crown Arrests

February 17, 2017
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by Charlie Taylor
The Star Entertainment Group, a major Australian casino operator has said that its VIP gaming business has been significantly affected by the arrest of Crown Resorts employees in China, late last year. Speaking at an analysts’ conference call regarding...
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Crown Melbourne Gets Approval For Building Australia’s Tallest Tower

Crown Melbourne Gets Approval For Building Australia’s Tallest Tower

February 10, 2017
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by Charlie Taylor
Australian casino operator Crown Resorts recently announced that it has received approval from the government of Victoria to build a A$1.75 billion 90-storey, 323-metres high tower that will become Melbourne’s as well as Australia’s tallest building. The Southbank site...
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Silver Heritage Pushes Back Soft Launch Date For Second Nepal Casino

Silver Heritage Pushes Back Soft Launch Date For Second Nepal Casino

February 7, 2017
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by Charlie Taylor
Australia-listed casino operator Silver Heritage has announced a delay in the soft launch of its casino in Nepal citing financing issues. The Tiger Palace Resort is being built in Bhairahawa located on Nepal’s border with India and is Silver...
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James Packer Makes A Return To Crown Board Along With New Chairman

James Packer Makes A Return To Crown Board Along With New Chairman

January 11, 2017
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by Charlie Taylor
Australian billionaire James Packer has once again joined Crown Resorts as a director after exiting from the board in 2015. His re-appointment is a part of the leadership changes that includes the appointment of a new chairman for the...
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Latest News

  • Enquiry Acquits Victoria Casino Regulator, Recommends Abolishing Junkets
  • Two More Executives Leave Crown – Peter Crinis and Todd Nisbet
  • ACMA Requests Blocking of Illegal Sites From Local ISPs
  • Investigations Reveal Money Laundering May Still Be Transpiring at Crown
  • ACMA Wants Australian ISPs to Block Four Illegal Offshore Casino Sites

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