The Allan Labor Government will take action to make sure Crown proceeds to lead its casino in Melbourne to elevated standards while decreasing the negative effects of gambling. This action will involve the formation of new laws focused on the continued accountability of operators. Plans for the development of fresh legislation: Melissa Horne, Minister for Casino, Gaming and Liquor Regulation, revealed that fresh legislation will be created to increase the powers of the Victorian Gambling and Casino Control Commission (VGCCC) […]

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Crown Sydney, which is owned by Crown Resorts, has shut down one of its two gaming spaces and cut 95 jobs only a year following its opening. The only VIP casino for global gambling high-rollers: The casino, the “brain-child” of previous president and principal shareholder James Packer, was constructed with the intention of being a VIP-only establishment to be convenient for global gamblers who are used to spending large amounts of money while gambling. It also had no machines for poker […]

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It was recently unveiled that Crown Resorts, Australia’s largest gaming and entertainment group, has been fined AU$450 million ($300 million) by the Australian Transaction Reports and Analysis Center (AUSTRAC), Australia’s anti-money laundering and counter-terrorism financing regulator, for 546 violations of country’s anti-money laundering laws related to its junket operations, notably the former Macau-linked Suncity. Additionally, if the company decides to pay the fine, it will be the biggest ever paid by a casino operator and the third-biggest fine in Australian […]

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It was recently revealed that Crown Melbourne and Crown Perth, both owned by Southbank-based Crown Resorts Limited, must compensate their workers more than $1.2 million, involving pension and interest. In addition, the Crown has also signed an enforceable undertaking with the Australia’s Fair Work Ombudsman (FWO). Self-reporting: The order to compensate their workers came as Crown Resorts reported to the Australian Fair Work Ombudsman in March 2020 that Crown Melbourne and Crown Perth had failed to compensate 200 chefs, concierges, […]

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In the past year to June 30th, 2022, Crown Resorts Limited, Australia’s largest gaming and entertainment group, saw its revenue decreased by AU 1 billion dollars, which is approximately 679 million US dollars. Crown’s annual report: In information provided to the Australian Securities and Investments Commission (ASIC), known as regulator of registered companies and financial markets, which came on Tuesday, Crown reported a net loss of AU 945.4 million dollars, which is approximately 642 million US dollars in FY22, regardless […]

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The casino regulator for the Australian state of New South Wales has reportedly decided to fine The Star Entertainment Group Limited a record AU$100 million (US$62 million) for failing to stem criminal activities and money laundering within its The Star Sydney venue. According to a Sunday report from The Sydney Morning Herald newspaper, the move from the New South Wales Independent Casino Commission comes around a month after the firm was found unfit to hold a casino license for the […]

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Australian casino operator Crown Resorts Limited has reportedly announced that it has hired former Sands China Limited stalwart Mark McWhinnie (pictured) to run its giant Crown Sydney development. According to a report from the Australian Financial Review newspaper, the move is the latest international appointment for the company following its June purchase by American private equity management titan The Blackstone Group Incorporated. The source detailed that the Melbourne-headquartered enterprise also engaged Ciaran Carruthers to serve as its Chief Executive Officer in […]

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In the Australian state of New South Wales and the inquiry investigating the license suitability of prominent casino operator The Star Entertainment Group Limited has reportedly concluded that the firm should be stripped of its local certification. According to a report from Sky News, the prospect of this worrying verdict prompted the casino firm to temporarily suspend trading of its shares on the Sydney bourse from yesterday. The Brisbane-headquartered company has now subsequently pronounced that it intends to consider the […]

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Australian casino firm The Star Entertainment Group Limited has reportedly had the trading of its shares suspended by the Sydney bourse following the emergence of rumors that it may lose its New South Wales operating license from as soon as tomorrow. According to a report from the Business News Australia news service, the Brisbane-headquartered company requested the temporary check as it awaits the results of a special state-approved investigation into whether it may have been complicit in multiple instances of […]

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In Australia and casino operator Crown Resorts Limited has reportedly announced that it will be opening one of the gaming floors within its $1.5 billion Crown Sydney facility from August 8. According to a report from The Sydney Morning Herald newspaper, the firm revealed that the Crystal Room amenity will premiere complete with 160 gaming tables as well as 70 electronic table games and be joined at a later date by a compatriot floor. The move from the Melbourne-headquartered company […]

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