Tagged western australia

The Star Entertainment Group Limited cancels Crown Resorts Limited takeover offer

July 23, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime

In Australia and The Star Entertainment Group Limited has reportedly withdrawn the offer that was to have seen it purchase rival casino operator Crown Resorts Limited owing to uncertainty regarding the safety o...

Victoria casino regulator hit by parliamentary criticism for a dearth of inspectors

Adam Morgan

July 7, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Licenses, Crime, Fines, Lawsuits & Litigation

In the southern Australian state of Victoria and a parliamentary committee has reportedly been told that the last three years have seen the number of official gaming inspectors employed by the jurisdiction decl...

Pessimistic annual earnings prediction from Crown Resorts Limited

Adam Morgan

July 5, 2021

Latest Casino and Gambling News, Australia, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Licenses, Fines, Lawsuits & Litigation

In Australia and casino operator Crown Resorts Limited has announced that it expects to record a loss for the twelve months to the end of last June of up to $188 million to take its historical net debt to as hi...

Trio of Queensland casinos closed owing to coronavirus lockdown

Adam Morgan

June 29, 2021

Latest Casino and Gambling News, Australia, Casino News, Casino closures, Gaming Industry News, Economy/Finance

In the northeastern Australian state of Queensland and a trio of casinos have reportedly been forced to suspend operations for three days owing to a local outbreak of the coronavirus pandemic. According to a...

Oaktree Capital Management LP improves its offer for Crown Resorts Limited shares

Adam Morgan

June 15, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

American investment equity giant Oaktree Capital Management LP has reportedly slightly improved its earlier offer for the 37% shareholding in Australian casino operator Crown Resorts Limited. According to se...

Australian financial crime watchdog expands anti-money laundering probe

Adam Morgan

June 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Crime, Fines, Lawsuits & Litigation

A few weeks after launching an investigation into Crown Resorts Limited and the Australian Transaction Reports and Analysis Centre (AusTRAC) regulator has now reportedly announced that it is widening this probe...

Crown Resorts Limited keen to begin offering ‘cashless’ play in Australia

Adam Morgan

May 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

In Australia and casino operator Crown Resorts Limited reportedly soon intends to begin offering ‘cashless’ play at its trio of domestic properties while ceasing the use of foreign junket firms. According to...

New South Wales junket embargo for The Star Entertainment Group Limited

Adam Morgan

May 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Mergers, Acquisitions & Partnerships, Crime

In Australia and The Star Entertainment Group Limited has reportedly followed rival casino operator Crown Resorts Limited in agreeing to stop the use of junket firms in order to attract high-value foreign playe...

Crown Resorts Limited fined by Victoria casino regulator

Adam Morgan

April 27, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

In Australia and local land-based casino operator Crown Resorts Limited has reportedly been hit with a fine of just over $777,400 for having failed to sufficiently vet foreign high-rollers at its Crown Melbourn...

New conditions inserted into proposed Crown Resorts Limited takeover

Adam Morgan

April 14, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

American private equity management firm The Blackstone Group Incorporated has reportedly inserted a number of new conditions into its proposed $6.2 billion takeover offer for Australian casino operator Crown Re...

Western Australia probe into Crown Resorts Limited commences

Adam Morgan

April 12, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Licenses, Fines, Lawsuits & Litigation

In Western Australia and the royal commission investigating whether casino operator Crown Resorts Limited is suitability to hold a gambling license for its Crown Perth venue has reportedly begun hearing introdu...

New South Wales casino regulator may soon revisit Crown Sydney license

Adam Morgan

March 24, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Casino project updates, Licenses, Mergers, Acquisitions & Partnerships

In Australia and the Chairman for the New South Wales Independent Liquor and Gaming Authority has reportedly stated that he expects to grant the new Crown Sydney development a state casino license in ‘months, n...

Crown Resorts Limited to temporarily cease making political contributions

Adam Morgan

March 16, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

Australian casino operator Crown Resorts Limited has reportedly announced that it is to immediately cease making political contributions as it prepares to undergo license suitability investigations in the state...

Western Australia launching Crown Resorts Limited license suitability probe

Adam Morgan

March 5, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Licenses, Fines, Lawsuits & Litigation

In Australia and the government for Western Australia has reportedly followed Victoria and New South Wales in announcing that it is to launch an official investigation into the license suitability of casino ope...

Western Australia junket prohibition for Crown Resorts Limited

Adam Morgan

February 25, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

In Australia and prominent casino operator Crown Resorts Limited has reportedly been ordered to immediately stop using junket firms in order to help lure high-value foreign players to its Crown Perth facility. ...