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Firm offers to buy casino operator Crown for US$6.2bil
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.
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.
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.
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.
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
SYDNEY: Australian billionaire James Packer said he “forgot” his casino firm Crown Resorts Ltd was banned from dealing with associates of Hong Kong’s Stanley Ho when he orchestrated a part-buyout by a firm controlled by Ho’s son.
SYDNEY: The CEO of Australian casino giant Crown Resorts Ltd said on Wednesday the company's holiday package clients posed a higher risk of money
SYDNEY: Australian casino giant Crown Resorts Ltd said yesterday it was betting on domestic gambling to bolster profit as an international travel ban triggered by the coronavirus pandemic wiped out much of its annual earnings.
BENGALURU: Australia’s top two casino operators said yesterday they have laid off about 20,000 staff either temporarily or permanently and lined up about US$760mil in bank credit to survive the coronavirus crisis that has battered the industry.