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Blackstone doubles down on hospitality
Firm offers to buy casino operator Crown for US$6.2bil
Australia's Crown Resorts receives $6.2bil buyout offer from Blackstone
Beleaguered casino operator Crown Resorts Ltd said on Monday it received a buyout offer from private equity company Blackstone Group Inc that values the company at A$8.02 billion (US$6.19 billion).
Australia's Crown Resorts director quits over ties to billionaire shareholder
SYDNEY: Australian casino operator Crown Resorts Ltd said on Monday that director John Poynton quit the board after a regulator ruled he was insufficiently independent of the company's biggest shareholder, James Packer.
Insight - Endless process of cleaning up the gambling industry
THE Las Vegas Strip was built by a mobster. It took a billionaire to tame it. That’s a paradox that’s been at the heart of the casino industry since its inception.
Crown CEO quits after scathing casino report
MELBOURNE: Crown Resorts Ltd chief executive officer Ken Barton stepped down, bowing to days of pressure after a scathing regulatory report found the Australian casino operator facilitated money laundering and wasn’t fit to hold a license in Sydney.
Australia's Crown Resorts CEO resigns after damning inquiry report
SYDNEY: Crown Resorts Chief Executive Officer Ken Barton resigned on Monday after an inquiry into money laundering allegations found he was not fit for the job, putting its gambling licence in jeopardy.
Two directors exit Australia’s Crown board after report
SYDNEY: Two Crown Resorts Ltd directors with links to major shareholder James Packer resigned yesterday, the first heads to roll after the Australian casino operator was deemed unfit to hold a gambling licence for its new Sydney casino.
Crown Resorts seen as unfit to run Sydney casino
SYDNEY: Crown Resorts Ltd isn’t fit to run its new flagship Sydney casino unless it replaces its chief executive officer and restructures the board, an inquiry recommended after a probe exposed wide-ranging governance and anti-money laundering failure
Australia's Crown Resorts accused of 'arrogant indifference' to compliance at inquiry
SYDNEY: Casino operator Crown Resorts Ltd has been accused at an Australian regulatory inquiry of having a "culture of denial and arrogant indifference to compliance" in its dealings with junket operators.
Australia inquiry flags cancelling Crown Resorts casino licence
SYDNEY: An Australian regulatory inquiry raised the prospect of cancelling the casino licence of gambling giant Crown Resorts Ltd over alleged corporate governance failures, casting a shadow over the company weeks before a US$1.6bil resort opening.
