News Articles for Crown Resorts

Casinos and gaming group Crown Resorts expects to post a full-year loss for 2021 after being significantly impacted by coronavirus-related lockdowns and restrictions.

The Perth Casino Royal Commission has delivered its interim report, but whether the report will see the light of day remains unclear.

The first phase of evidence has concluded in a royal commission into Crown Perth, with the focus on the regulation of gambling in Western Australia.

Crown Resorts board has decided a takeover offer from Blackstone is not in shareholders' best interests but it hasn't made up its mind on Star's offer.

Gaming is likely to go ahead at Crown Sydney within months as the company undergoes a major transformation, a NSW regulator says.

The ex-officio chair of the state's Gaming and Wagering Commission has conceded he may have “erred” in believing the state's chief casino officer's relationships with Crown staff didn't present a conflict of interest.

The Perth Casino Royal Commission has heard suggestions Western Australia lacks a coherent policy on the gaming sector and that regulators lacked training and expertise.

Crown Resorts has received a takeover bid from the operator of Sydney's Star Casino while announcing the appointment of chief executive and managing director, Steve McCann.

The Perth Casino Royal Commission chair has urged the parties involved to be respectful, courteous and to act with integrity as the commission held its second hearing today.

Crown Resorts has received a $3 billion funding proposal from a private equity group that would allow it to buy out major shareholder James Packer.

Global fund manager Blackstone has changed a condition of its proposed purchase of Crown Resorts, as two royal commissions threaten to strip licences from the gaming group.

A royal commission into Crown Perth will examine whether Western Australia's decades-old gambling legislation remains fit for purpose.

James Packer will consider selling his 37 per cent stake in embattled Crown Resorts after US investment fund Blackstone last month made an unsolicited $8 billion offer for the gaming giant.

Casino giant Crown has admitted it could have underpaid more than 200 workers around $2 million as part of an ongoing wage theft investigation.

Gaming giant Crown Resorts is being targeted for a takeover after US investment fund Blackstone made an unsolicited offer.

Crown Perth has posted a $42.5 million increase in underlying earnings after continuing to receive JobKeeper until the end of September, despite reopening in June after restrictions lifted.

Casino and resort giant Crown has announced it will no longer make political donations.

Ahead of the royal commission into Crown Perth we look at the changing cast of directors overseeing its WA operations.

Company culture is key, but it often remains an internal secret.

The state will launch a royal commission to determine whether Crown Perth should keep its casino licence following allegations of money laundering at Crown Resorts.

John Poynton has resigned as a director of Crown Resorts and chairman of Crown Perth, leaving the group bereft of experienced directors or executives in Perth.

The Victorian government has called a royal commission into Crown Resorts, which disclosed the resignation of director Harold Mitchell, heaping further pressure on John Poynton.

Crown Resorts shareholders have had more bad news after the casino operator revealed a first-half loss of $120 million from coronavirus restrictions.

A major inquiry into allegations of money laundering at Crown could take up to four months, according to Racing and Gaming Minister Paul Papalia.

Crown Resorts is at risk of losing its WA casino licence after the state government agreed last night to establish an inquiry with the powers of a royal commission.

The fallout from last week's NSW report into Crown Resorts has spread, with WA's chief casino officer stepping aside from the role and the company's chief executive resigning.

Former AFL chief Andrew Demetriou is the latest to step down from the Crown Resorts board but chief executive Ken Barton has not yet resigned.

Crown Resorts has promised "root and branch' changes to satisfy NSW regulators threatening to deny it a Sydney gaming licence, ahead of the April expiry of the venue's liquor licence.

The state government has called an urgent meeting to consider the findings of a damning report in which Crown Resorts is accused of facilitating money laundering at its casinos.

Crown Resorts has announced three changes to its board after yesterday's damning NSW report, with two directors resigning and Perth-based director John Poynton severing his ties with major shareholder James Packer.

The NSW inquiry into Crown Resorts has made scathing assessments of its key WA executives but director John Poynton has emerged with his reputation intact.

Casino giant Crown Resorts is not fit to run its $2.2 billion Sydney casino because it facilitated money laundering and has other "deep" problems, a highly anticipated report has found.

WA Labor amassed a significant fundraising advantage this past financial year as unions, law firms and sitting members opened their wallets to fill the party's coffers.

The WA government will wait for the findings of a NSW inquiry into Crown Resorts before making a decision on the embattled casino giant, despite the Victorian government today announcing it would bring forward its review of Crown's Melbourne operations.

Scott Morrison is demanding clarity on reports China has banned Australian coal.

Limestone Coast Brewing pivoted to a new business sector as the pandemic hit WA.

Gaming group Crown Resorts has appointed a chief compliance and financial crimes officer, in the wake of a NSW inquiry into its fitness to hold a Sydney casino license.

The ratings agency Moody's has downgraded Crown's credit rating, just as a regulatory inquiry hears the gaming giant is unable to govern itself.

Crown Resorts will not be allowed to open its new casino in Sydney next month due to "extremely concerning" evidence at a NSW gaming regulator inquiry.

Crown has declared it will stop dealing with all junket operations as it continues its bid to persuade the NSW gaming regulator that the public company is fit to run a new $2.2 billion casino in Sydney.