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Crown moved to CBA when ANZ shut 'money laundering' accounts, inquiry hears

Crown Resorts opened accounts with the Commonwealth Bank using "misleading" names that masked their use for gambling and accepted high-risk cash deposits, despite ANZ shutting down similar accounts over money laundering concerns, an inquiry has heard.

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10/26/2020

article Fitch revises Crown Resorts outlook to negative on regulatory, license concerns
(Australia) -- Fitch Ratings has revised the outlook for Australia’s Crown Resorts from stable to negative, reflecting what it describes as a weak governance...

10/24/2020

article The damning evidence that brought Crown Resorts to its knees
(Australia) -- The independent inquiry into Crown Resorts promised to investigate allegations of sordid dealings within one of Australia's biggest casino operators,...

10/23/2020

article Two directors down, more to follow as Crown shareholders make feelings known at AGM
(Macau) -- Crown Resort Chairman Helen Coonan has promised that changes will be made to the company’s Board of Directors after shareholders made their...

10/22/2020

article Billionaire’s Landmark Casino Opens With His Empire in Turmoil
(Australia) -- The landmark waterfront tower soaring high above Sydney’s glistening harbor was meant to be the unmistakable legacy of one of Australia’s most...

10/21/2020

article Crown Resorts terminates agreements with James Packer's company on eve of AGM
(Australia) -- Crown Resorts has terminated two agreements it had with Consolidated Press Holdings, including the sharing of confidential information with stakeholder...

10/20/2020

article Crown chairman Helen Coonan admits casino 'facilitated' money laundering
(Australia) -- The Crown Resorts chairman, Helen Coonan, has admitted the company facilitated money laundering at its Melbourne casino but denied it was “turning a blind...

10/19/2020

article Crown Resorts shares fall amid money laundering investigation
(Australia) -- Crown Resorts shares have fallen by more than 9%, with the company currently being investigated for potential breaches of anti-money laundering and...
article Australia financial crime watchdog investigates casino giant Crown, shares tumble
(Australia) -- Australia's financial crime agency began investigating casino giant Crown Resorts Ltd CWN.AX on suspicion of failure to comply with anti money-...
article Money Laundering Detectives Have Been Out at the Pub
(Australia) -- Why did it take media reporting to get Australia’s money laundering investigators to start looking into casino operator Crown Resorts Ltd.? Shares...

10/18/2020

article Australia financial crime watchdog investigates casino giant Crown, shares tumble
(Australia) -- Australia's financial crime agency began investigating casino giant Crown Resorts Ltd CWN.AX on suspicion of failure to comply with anti money-...

10/16/2020

article Crown Resorts Directors Face Calls to Quit Before Annual Meeting
(Australia) -- Directors of Crown Resorts Ltd. should quit over governance failures exposed by a casino inquiry in Sydney, an investor group said, setting the stage for...
article The Crown inquiry: will the house that Packer built come tumbling down?
(Australia) -- Kerry Packer’s doctor, an adman the late billionaire rescued from financial strife, and a former footy powerbroker who pledged to look after the...

10/15/2020

article Crown challenged on plan to open Sydney casino without gaming license certainty
(Australia) -- Australian casino operator Crown Resorts is facing questions over the wisdom of opening its new Crown Sydney property while the fate of its gaming license...
press release Crown inquiry evidence strengthens lawsuit
(Australia) -- A roster of high profile businessmen and women have presided over a severe breakdown in corporate governance at Crown Resorts that has likely strengthened...

10/14/2020

article Crown Resorts Directors Face Calls to Quit Before Annual Meeting
(Australia) -- Directors of Crown Resorts Ltd. should quit over governance failures exposed by a casino inquiry in Sydney, an investor group said, setting the stage for...

10/12/2020

article As inquiry nears close, Crown has a corporate stalker
(Australia) -- If its application to increase its stake in Crown is part of a larger play, it is plausible it could also pursue fellow casino operator The Star down the...
article Crown Resorts director Andrew Demetriou denies dishonesty at casino inquiry
(Australia) -- Crown Resorts director and former AFL boss Andrew Demetriou has been accused of being dishonest in evidence he has given to an inquiry into the casino...

10/11/2020

article Crown issued show cause notice by Victorian gaming regulator over lack of junket controls
(Australia) -- Crown Resorts could face sanctions in its home state of Victoria after the gaming regulator issued a notice to show cause why it should not be disciplined...
article Former AFL boss due to face casino inquiry
(Australia) -- Current and former directors are due to continue facing questions this week over the culture of casino giant Crown Resorts. Majority shareholder James...
article James Packer's Crown of thorns — the unravelling of an empire where abdication might not be an option
(Australia) -- The blurry images, beamed in from the safety of his hermetically sealed superyacht moored somewhere in the South Pacific, revealed a controlled man, equal...

10/10/2020

article Australia's Crown Resorts hit by a second regulator over misconduct claims
(Australia) -- An Australian regulator said on Friday it has begun disciplinary proceedings against casino giant Crown Resorts Ltd CWN.AX after media reports accused it...

10/9/2020

article Crown director says 'we talked about weight'
(Australia) -- When Packer sold to Melco he kicked an own goal that has come back to bite him. How big a bite will depend on the inquiry's recommendations and...
article The Crown hearings: how did it all go so spectacularly wrong for James Packer?
(Australia) -- Rarely are billionaires subjected to the kind of scrutiny James Packer faced this week. And rarely is the public afforded a glimpse behind the glitzy...
article Victorian gaming regulator deals Crown 'show cause' notice after a torrid week for casino
(Australia) -- Victoria's gaming regulator has issued Melbourne’s Crown casino with a notice to show cause why the gambling company should not be disciplined...

10/8/2020

article James Packer admits Crown junkets have the potential to be infiltrated by organised crime
(Australia) -- Under lengthy questioning James Packer has admitted he has “long been on clear notice of the links” between organisers of gambling junkets at...
article Packer throws in the towel to save Crown's licence
(Australia) -- Billionaire gambling mogul James Packer has invited the NSW casino inquiry commissioner to cap shareholdings in Crown Resorts in an admission he may be...
article The upside in Crown Sydney ‘was from the international VIP business’: Packer
(Australia) -- Crown Resorts Ltd.’s billionaire shareholder James Packer today (Thursday) acknowledged he knew that junket operations in Australian casinos were...

10/7/2020

article Melco Resorts, Crown considered full merger in 2019: Packer
(Australia) -- The controlling shareholders respectively of casino operator Melco Resorts and Entertainment Ltd and Australia-based Crown Resorts Ltd had discussions in...
article Billionaire Packer Says He Didn’t Consider Stanley Ho Ban in Melco Deal
(Australia) -- Crown Resorts Ltd.’s billionaire shareholder James Packer pushed for a tie-up last year between Australia’s biggest casino operator and Hong...
article James Packer tapped Melco boss Lawrence Ho to feel out Macau regulators over potential Macau return via Wynn Resorts merger
(Macau) -- Crown Resorts’ largest shareholder James Packer asked Melco Resorts Chairman and CEO Lawrence Ho to find out how Macau gaming regulators felt about his...

10/6/2020

article Australian casino billionaire James Packer agrees he sent 'shameful' email threats
(Australia) -- Australian casino billionaire James Packer on Tuesday acknowledged sending threatening emails in 2015 to an unnamed person with whom he was working on...

10/5/2020

article James Packer tells Crown inquiry his medication impairs memory, admits bipolar diagnosis
(Australia) -- Australian businessman James Packer has told the independent inquiry into Crown casinos that his bipolar disorder has impacted his behaviour in the past....

10/4/2020

article Investors put Crown on notice after inquiry revelations
(Australia) -- Minority investors have put Crown Resorts on notice they expect answers about James Packer's level of influence on the business along with improved...

9/30/2020

article 'I can't explain how it occurred': Crown boss admits failures over China arrests
(Australia) -- Crown Resorts' former executive chairman John Alexander has told a public inquiry the casino giant suffered a failure of risk management and corporate...

9/29/2020

article Crown’s NSW casino license unlikely to be revoked but suspension possible: JP Morgan
(Australia) -- JP Morgan analysts Donald Carducci and Abhinay Jeggannagari say it is unlikely that Crown Resorts will have its NSW casino license revoked at the...
article James Packer deputy faces questions over possible licence breach in Crown sale
(Australia) -- One of billionaire James Packer’s key lieutenants, Guy Jalland, has faced a grilling over whose interests he believed he was representing at a key...
article Top casino investigator poached by Crown to be gamekeeper
(Australia) -- Gaming giant Crown Resorts has hired as its new anti-money laundering adviser a senior law enforcement official who until recently oversaw a laundering...

9/28/2020

article Stakes are high as inquiry tosses up whether Crown Resorts is fit to hold a NSW casino licence
(Australia) -- As a casino operator, Crown Resorts knows a thing or two about high stakes. But what’s unfolding at the New South Wales Independent Liquor and...
article 'It's my life': James Packer insisted on Crown sale to Macau casino group
(Australia) -- A key director involved with negotiating the sale of a major stake of Crown Resorts to Lawrence Ho’s Macau-based casino group has admitted he gave...
article Crown suspends junket operations until 30 June 2021
(Australia) -- Australian operator Crown Resorts will suspend all of its activity with junket operators until 30 June, 2021 as it undertakes an internal review of the...

9/27/2020

article 'It's my life and I'm going to overrule you': Packer insisted on Melco deal
(Australia) -- One of James Packer’s key lieutenants has admitted he should have done more to investigate whether selling a $1.7 billion stake in Crown Resorts...
article Crown failed to check Stanley Ho's Melco interests
(Australia) -- James Packer's financial adviser failed to check if gambling mogul Stanley Ho still had an interest in Melco Resorts before selling a significant...

9/26/2020

article Stakes are high as inquiry tosses up whether Crown Resorts is fit to hold a NSW casino licence
(Australia) -- As a casino operator, Crown Resorts knows a thing or two about high stakes. But what’s unfolding at the New South Wales Independent Liquor and...

9/25/2020

article Crown’s internal AML controls described by inquiry judge as a “debacle”
(Australia) -- The judge overseeing an inquiry into Crown Resorts’ suitability to hold a NSW casino license has described the company’s internal anti-money...
article Packer's CPH sent secret Crown forecasts to Melco before $1.7b sale
(Australia) -- James Packer’s private company sent confidential Crown Resorts financial forecasts to Hong Kong group Melco Resorts as they were negotiating the...

9/24/2020

article Crown gave Packer secret profit forecast before $1.7b share sale
(Australia) -- Crown Resorts boss Ken Barton has told a public inquiry he would have reconsidered sending confidential and price-sensitive company information to James...

9/23/2020

article "Extraordinarily troubling" updates from Crown Resorts hearing
(Australia) -- Further updates from the Crown Resorts hearing in Australia have been described as "extraordinarily troubling," as further shortcomings in how...

9/22/2020

article Crown steps back into the pressure cooker
(Australia) -- A pressure cooker fortnight for one of Australia's most secretive public companies and its reclusive major shareholder gets under way on Wednesday as...

9/20/2020

article Restrictions on use of Asian junkets could see Crown Resorts paid billions in compensation on casino license clause
(Australia) -- Australia’s Crown Resorts could be entitled to receive billions of dollars in compensation from the New South Wales state government should an...

9/10/2020

article Crown has failed on money laundering
(Australia) -- After The Age last year published a series of articles raising serious questions about Crown Resorts’ systems for fighting money laundering and criminal...

9/5/2020

article Former head of international VIP ops says Crown Resorts was “blinkered” by profits before his 2016 arrest in mainland China
(Australia) -- The former head of Crown Resorts’ international VIP operations has told a state government inquiry into Crown’s suitability to hold a NSW...

9/4/2020

article Crown sent $500,000 to drug dealer who was 'good friend' of junket
(Australia) -- Senior Crown Resorts executives approved the transfer of half a million dollars to a Melbourne drug dealer after being told that he was a "good...

9/3/2020

article Jailed Crown exec says profit may have ‘blinkered’ casino to China risks
(Australia) -- A senior Crown Resorts executive told a colleague it would be difficult to convince their bosses to "temper their expectations" of profits from...

9/2/2020

article China’s cash flow restrictions maintain triad influence in junket operations
(Australia) -- While testifying for an NSW Independent Liquor and Gaming Authority’s probity inquiry into Australian gaming operator Crown Resorts, security expert...
article Crown staff feared violence from junket partner's gangster associates
(Australia) -- Crown Resorts employees based in Macau feared physical violence from gangster associates of one of the casino's "junket" business partners,...

8/21/2020

article Crown wasn't 'cosy' with visa office, former boss tells inquiry
(Australia) -- Former Crown Resorts chief executive Rowen Craigie has told a public inquiry that the casino group did not have a "cosy" relationship with...

8/20/2020

article Melco Resorts (MLCO) Reports Q2 Loss, Lags Revenue Estimates
(Wall Street) -- Melco Resorts (MLCO) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $1.16. This compares to earnings...
article Melco rips the Band-Aid off pandemic-disrupted quarter
(Wall Street) -- Melco Resorts & Entertainment (NASDAQ:MLCO) reports total operating revenue fell 88% in Q2 due to casino closings amid the pandemic.

8/19/2020

article Crown Resort reveals earnings collapse
(Australia) -- Gambling giant Crown Resorts revealed on Wednesday that its full-year net profit tumbled 80% to $79.5 million due to widespread COVID-19 shutdowns, with...

8/18/2020

article Casino operator Crown posts revenue collapse to ASX after 'extremely challenging year' with coronavirus pandemic
(Australia) -- The profits of gambling giant Crown Resorts slumped 80 per cent after an "extremely challenging year". Crown Resorts operates casinos in...

8/17/2020

article Crown staff 'living in constant fear' before arrests, inquiry hears
(Australia) -- A senior Crown Resorts executive was told the casino giant’s China-based staff had grave fears the work they were doing was illegal and put their...

8/13/2020

article Billionaire Packer’s gaming outfit in high-stakes skyscraper gamble
(Australia) -- It will be one of Sydney’s tallest residential buildings with sweeping views of the world-famous harbour and opera house. It hosts a luxury hotel...

8/12/2020

article Inside James Packer's $60million Sydney penthouse
(Australia) -- James Packer's $60million penthouse in Sydney's new Crown Casino has been unveiled, and it comes with a cinema and panoramic views of the city....

8/7/2020

article 'It would be unthinkable': Crown Resorts' credibility in the crosshairs
(Australia) -- Crown Resort's $2.4 billion new casino and hotel, which over the past four years has risen 275 metres from the banks of Barangaroo to become Sydney...

8/5/2020

article Melco Resorts subsidiary increases notes offering to US$850 million
(Wall Street) -- Just three weeks after announcing plans to raise US$500 million from a private notes offering, Melco Resorts & Entertainment subsidiary Melco...

8/3/2020

article Crown did not review junket partner despite red flags, inquiry hears
(Australia) -- Crown Resorts is still working with a "junket" partner despite being warned in several due diligence reports that its owner has links to...

7/31/2020

article Crown moved to CBA when ANZ shut 'money laundering' accounts, inquiry hears
(Australia) -- Crown Resorts opened accounts with the Commonwealth Bank using "misleading" names that masked their use for gambling and accepted high-risk cash...

6/24/2020

article Crown still on the hook over Melco share sale as casino inquiry resumes
(Australia) -- The NSW government inquiry into Crown Resorts has dropped its probity investigation into Lawrence Ho's casino group Melco after it made a full retreat...

6/23/2020

article NSW casino inquiry narrows scope after Melco sells Crown stake
(Australia) -- The NSW government inquiry into Crown Resorts’ Barangaroo casino license will resume immediately but with a reduced scope, following the sale of a 9...

6/2/2020

article James Packer's $2.4billion Crown casino in Sydney won't have a single pokie machine -- as venue is forced to recruit punters from RSL clubs
(Australia) -- James Packer's new $2.4 billion Crown casino in Sydney won't have a single pokie after a rival casino snapped up exclusive rights on Friday.

5/19/2020

article Melco Resorts chartered plane to fly home some of its Philippine workers stuck in Macau
(Macau) -- Melco Resorts & Entertainment has chartered a special flight from Macau to Manila in order to transport some of its Philippines workers back to their...

5/14/2020

article Melco announces unaudited first quarter 2020 earnings
(Wall Street) -- Macau, Thursday, May 14, 2020 – Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a...

5/3/2020

article Crown draws line under 40pc earnings fall
(Australia) -- Crown Resorts is on track for a fall in net profit of more than 40 per cent this financial year, after the group confirmed its earnings position up until...

5/1/2020

article Secret plan to reopen pubs, clubs and Crown Casino
(Australia) -- Pubs could reopen their doors in July with strict operating rules being developed by a powerful secret taskforce that will be presented to the national...

4/30/2020

article Bellagio landlord buys $360M of Crown Resorts stock
(Wall Street) -- The landlord of Bellagio and other Las Vegas megaresorts has bought a stake in a casino operator that bailed on a Strip hotel project a few years back....

4/29/2020

article Blackstone takes $360 million stake in Australia's Crown, stoking buyout hope
(Australia) -- Private equity company Blackstone Group Inc (BX.N) bought a near 10% stake in Australian casino operator Crown Resorts Ltd (CWN.AX) from Macau’s...
article Melco sells entire 9.99% stake in Crown Resorts to The Blackstone Group
(Wall Street) -- Melco Resorts & Entertainment has sold its 9.99% stake in Australia’s Crown Resorts Ltd to an entity owned by American multinational private...

4/28/2020

article Crown Casino sued after punter slips on vomit and breaks his neck
(Australia) -- A man who suffered life-changing injuries after slipping on someone else's vomit at a Crown Casino is suing the multi-billion dollar company for...
article Australia's Crown Resorts Says Blackstone Bought Near 10% of Its Shares
(Wall Street) -- Australia's Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought some of its shares from Macau casino...

4/16/2020

article Crown Resorts lays off 11,500 staff after casinos ordered closed
(Australia) -- Australian casino operator Crown Resorts is laying off 11,500 staff after the government ordered all gambling venues closed for at least six months to...

4/15/2020

article Crown Resorts secures $1b virus debt package
(Australia) -- Crown Resorts chief executive Ken Barton says more than $1 billion in new debt facilities will ensure the casino giant can survive the coronavirus...

4/14/2020

article Melco donates half a million more surgical masks to local government
(Macau) -- Gaming operator Melco Resorts & Entertainment has announced another contribution in Macau’s fight against Covid-19. In a statement issued yesterday...

4/5/2020

article Crown Resorts Inquiry Postponed Indefinitely, NSW Gaming Authority Says Probe Cannot Be Adequately Performed
(Australia) -- The suitability probe into Crown Resorts in New South Wales (NSW), Australia, has been indefinitely postponed, the ongoing COVID-19 pandemic cite for the...

3/21/2020

article Crown to shut gaming floor after losing social distancing exemption
(Australia) -- Crown Resorts will close the main gaming floor at its flagship Melbourne casino after it was stripped of its exemption from social-distancing rules aimed...

3/20/2020

article Coronavirus tally in Victoria hits 229 as casino exemption revoked, schools and police ramp up measures
(Australia) -- Another 51 people in Victoria have tested positive for coronavirus overnight, as the State Government revokes Crown Casino's exemption from social...

3/19/2020

article Crown casino savaged for staying open during 'national security' crisis
(Australia) -- The deputy head of parliament's powerful national security committee has savaged the Victorian government for allowing Crown casino to keep operating...

3/11/2020

article Melco forced to hand over secret documents to Crown inquiry after NSW wins appeal
(Australia) -- The NSW government has won a legal battle to force Melco Resorts to hand over secret company documents to its inquiry into probity and licensing issues at...

2/24/2020

article Crown shares dive as casino probe resumes
(Australia) -- Shares in Crown Resorts have sunk to a more than two-year low amid more poor press and the resumption of a public inquiry into NSW's casinos. The...

2/23/2020

article Crown Resorts executive authorises transfer to drug trafficker
(Australia) -- A Crown Resorts vice-president authorised a junior casino staff member to wire $500,000 to a Melbourne drug trafficker, while Crown withheld details of...

2/22/2020

article Billionaire Packer’s Casino in Spotlight as Triad Claims Probed
(Australia) -- Crown Resorts Ltd. billionaire James Packer has endured blow upon blow for more than three years: a bruising clash with Chinese authorities and at least...

2/21/2020

article Melco Resorts and Entertainment Limited warns of sluggish Macau future
(Macau) -- The boss for Asian casino operator Melco Resorts and Entertainment Limited has reportedly declared that it could take ‘quite a long time’ for the...
article Revenues rise 3% in 4Q19 as mass market growth gives Melco positive momentum
(Macau) -- Melco Resorts & Entertainment announced total operating revenues of US$1.45 billion in the three months to 31 December 2019, a 3% increase over the prior...

2/20/2020

article Melco open to offloading Crown Resorts stake
(Australia) -- Lawrence Ho’s Melco Resorts has signalled it could make a full retreat from Australian casino group Crown Resorts by selling the 10 per cent stake...
article Melco Resorts expecting some “loss-making days” in its Macau casinos, flags six-month recovery period
(Macau) -- Melco Resorts & Entertainment has warned that it could experience some loss-making days at its Macau properties while the Coronavirus continues to depress...

2/18/2020

article Australia's Crown says Chinese VIP slump hit profit, coronavirus impact looms
(Australia) -- Australian casino operator Crown Resorts Ltd said on Wednesday a slump in gambling turnover from Chinese high rollers dragged down half-yearly profit, and...
article Crown Resorts sees high-roller turnover dive in 'junket' fallout
(Australia) -- Crown Resorts has blamed a 34 per cent dive in high-roller turnover on weak market conditions and "negative publicity" stemming from revelations...

2/16/2020

article New chief Jaala Hinchcliff takes over probe into alleged corruption at Crown
(Australia) -- A stalled federal investigation into the relationship between James Packer’s Crown Resorts and Peter Dutton’s Department of Home Affairs is...

2/10/2020

article Fast tracks and bulk deals: How Crown got visas for its high rollers
(Australia) -- Crown casino's "special arrangement" with the Australian government gave Chinese high rollers access to fast-tracked Australian visas and...

2/7/2020

article Crown casino's 'Mr Chinatown' arrested and deported to China
(China) -- The Crown casino high-roller and junket partner known as “Mr Chinatown” - who is also a business partner of the Chinese president’s nephew...

2/6/2020

article Crown transaction first deal to fall victim to coronavirus
(Australia) -- Casino group Melco Resorts and Entertainment has abandoned plans to raise its stake in Australian rival Crown Resorts, in the first instance of dealmaking...
article Melco abandons bid for 20% of Crown Resorts due to coronavirus outbreak
(Australia) -- Melco Resorts, the casino group controlled by the Hong Kong magnate Lawrence Ho, says it has abandoned its plans to buy shares in James Packer’s...
article Melco retreat could put Crown back in play
(Australia) -- Casino giant Crown Resorts could be back in play as a takeover target, investors say, after Lawrence Ho's Melco Resorts tore up a deal with James...
article OP/ED: City of crushed Dreams: Don't bet on buyers lining up for Crown
(Australia) -- It’s way too premature for investors to punt on Crown Resorts being 'in play' after Lawrence Ho's Melco pulled its plans to build a...

2/5/2020

article Crown probe 'exceeding powers' to demand evidence: Melco
(Australia) -- International gambling giant Melco has accused the gaming regulator of overstepping its powers by ordering witnesses in the Crown casino inquiry to hand...

2/3/2020

article Dinner by Heston at Melbourne's Crown Casino underpaid staff by more than $4 million
(Australia) -- Dinner by Heston, which operates out of Melbourne's Crown Resort, charged up to $295 per head its "immersive experience" degustation meals.
article Exclusive restaurant fronted by MasterChef regular Heston Blumenthal owes its employees at least $4MILLION in biggest underpayment scandal to rock the industry
(Australia) -- A high-end restaurant fronted by MasterChef regular Heston Blumenthal owes its staff more than $4million after years of under paying them. Dinner by...

1/27/2020

article Crown Resorts chairman leaves post amid casino inquiry by New South Wales government
(Australia) -- Following much shareholder pressure and days after the Australian state’s government inquiry into the casino giant began, Crown Resorts announced...

1/26/2020

article John Alexander steps down as Executive Chairman of Crown Resorts as senior leadership team overhauled
(Australia) -- Crown Resorts Executive Chairman John Alexander has stepped down from the role amid a major reshuffle of the company’s senior executive team.

1/25/2020

article Casino group connected to Crown deal embroiled in bribery probe
(Australia) -- A Macau casino operator vying for half of James Packer’s stake in Crown casinos has become embroiled in a political bribery investigation in Japan....
article Crown Resorts chairman replaced in management shakeup
(Australia) -- Crown Resorts replaced its chairman in a management shakeup after allegations linking the casino operator to criminal gangs and drug traffickers prompted...

1/24/2020

article Crown Resorts Chairman Replaced in Management Shakeup
(Australia) -- Crown Resorts Ltd. replaced its chairman in a management shakeup after allegations linking the casino operator to criminal gangs and drug traffickers...

1/23/2020

article Crane smashes into James Packer's $2.4billion casino in Barangaroo
(Australia) -- An unattended crane repeatedly smashed into James Packer's $2.4billion casino on Sydney Harbour as intense winds smashed the city. Construction...

1/22/2020

article Lawrence Ho, James Packer to appear in casino inquisition
(Australia) -- Local casino operator Lawrence Ho and his ex-business partner, Australian James Packer, have been subpoenaed by an Australian court to be witnesses in a...

1/21/2020

article Casino inquiry to hear from Packer and Ho
(Australia) -- James Packer and Hong Kong billionaire Lawrence Ho will give evidence to a public inquiry into whether Crown Resorts is fit to hold a gaming licence in...
article Crown Resorts: shareholders' lawyers lose bid to overturn secrecy provisions
(Australia) -- Lawyers acting for shareholders in a class action against James Packer’s embattled casino empire, Crown Resorts, have lost a bid to crack open...

1/20/2020

article Crown casino inquiry raises Stanley Ho's criminal links as potential 'close associate'
(Australia) -- The alleged criminal links of one-time Macau casino magnate Stanley Ho are being probed at a special inquiry into the Crown gaming empire's licence to...
article Crown inquiry could scupper James Packer's $1.7bn deal
(Australia) -- James Packer is set to be thrust into the spotlight as an inquiry is launched today into the billionaire's proposal to sell 20 per cent of the Crown...
article James Packer to give evidence at inquiry into proposed $1.76b Crown casino deal
(Australia) -- James Packer will be called to give evidence at an inquiry into the proposed sale of his $1.76 billion stake in Crown Resorts to a Hong Kong based casino...

1/19/2020

article Stakes are high ahead of Crown casino probe
(Australia) -- Former NSW Supreme Court judge Paddy Bergin will kick off the high-stakes NSW inquiry into Crown Resorts’ casino operations on Tuesday, finally revealing...

1/9/2020

article Top Packer lieutenants in Crown inquiry spotlight
(Australia) -- Long-standing Packer family lieutenants Guy Jalland and Michael Johnston are expected to be in the spotlight when a powerful inquiry into Crown Resorts...

1/8/2020

article Crown Resorts says Sydney casino to open by Christmas 2020
(Australia) -- Australian casino operator Crown Resorts will open its new Sydney VIP gaming venue ahead of schedule, according to company founder James Packer. On...

1/6/2020

article Packer under pressure as clock ticks down to high-stakes Crown inquiry
(Australia) -- Fired up by last year’s explosive legal moves on Westpac, the nation's anti-money-laundering regulator, AUSTRAC, is said to be sharpening its...
article Packers, Crown donate extra $4 million for bushfire relief efforts
(Australia) -- Gaming billionaire James Packer's family and his casino company Crown Resorts have donated an extra $4 million to bushfire relief charities, on top of...

12/4/2019

article Government keeping report into wombat shooting hidden
(Australia) -- Victoria won't act on a secret report sparked by revelations Chinese high rollers at Crown Casino were shooting wombats until sometime next year....

11/25/2019

article CoD Mediterranean fit-out from next year: promoter
(Cyprus) -- The main contractor on the City of Dreams (CoD) Mediterranean casino resort being developed in the Republic of Cyprus “aims to deliver the building structure...

11/1/2019

article Strike cancelled at Melbourne’s Crown Casino
(Australia) -- Employees have called off their strike at Melbourne’s Crown Casino after receiving a new offer from the operator. Members of United Voice had...

10/31/2019

article Melco in regulatory limbo as clock ticks on Crown sale
(Australia) -- James Packer's private holding company is rapidly approaching the sunset date for the $1.76 billion sale of its shares in Crown Resorts as local...

10/28/2019

article Holes in Australian gambling regulation unearthed by the Crown allegations
(Australia) -- When it comes to gambling, Australia is among the biggest gambling lovers in the world. With pokies, sports betting, lotteries, and other forms of...

10/27/2019

article Crown Casino to be hit with Friday night strike
(Australia) -- Bartenders and card dealers at Melbourne's Crown Casino will walk off the job for two hours this Friday night, in the first of a series of industrial...
article Crown Resorts grilling delayed, more witnesses come forward
(Australia) -- A public examination of potential corrupt conduct involving casino giant Crown Resorts and the Department of Home Affairs has been put on hold after the...

10/26/2019

article “It’s so highly irresponsible”: Crown lays out closing arguments at fraud trial
(Australia) -- The words irresponsible, unreasonable and dishonest were mentioned multiple times Friday during a hearing at Prince Albert Court of Queen’s Bench,...

10/25/2019

article Crown's boss batted away corruption questions at the AGM, but tougher cross-examination is coming
(Australia) -- Attending annual general meetings (AGMs) is an important part of my job. I meet directors, talk to shareholders and get a run-through of the company's...

10/23/2019

article Crown Resorts chief John Alexander attacks activists for exposing 'unproven' casino scandals
(Australia) -- The head of Australia's largest gambling group has blamed activists with an "anti-Crown agenda" for exposing scandals about money laundering...

10/22/2019

article Home Affairs, Crown Resorts face unprecedented probe over VIP visas
(Australia) -- The federal law enforcement watchdog has taken the unprecedented step of launching public hearings next week as it escalates its investigation into...
article Senior federal officials called before Crown casino corruption probe
(Australia) -- Senior officials at the Australian Border Force and Department of Home Affairs are among witnesses called to public hearings launched by the federal law...

10/19/2019

article Crown Resorts In Deep Water Once Again
(Australia) -- After recently becoming the focus of a money-laundering probe Australia’s Crown Resorts is once again in the news. Two Crown-branded casinos allowed...

10/17/2019

article Crown casinos hosted alleged former arms dealer with links to Liberian war criminal despite UN sanctions
(Australia) -- A businessman banned from travel by the United Nations, because he provided military and financial support to Liberian war criminal Charles Taylor,...

10/15/2019

article Calls for Crown casino inquiry after leaked video of bricks of cash in junket room
(Australia) -- Video footage showing dozens of “bricks” of $50 and $100 notes – hundreds of thousands of dollars worth – being casually handed...
article Whistleblower alleges Crown casino being used to launder money – video
(Australia) -- CCTV from Melbourne's Crown Casino shows men casually handing over shopping bags filled with wads of cash to casino staff. The footage has been leaked...

10/14/2019

article Calls for Crown casino inquiry after leaked video of bricks of cash in junket room
(Australia) -- Video footage showing dozens of “bricks” of $50 and $100 notes – hundreds of thousands of dollars worth – being casually handed...
article Crown Casino whistleblower alleges gambling giant skirting money-laundering laws
(Australia) -- In a private room in Melbourne's Crown Casino, a man wearing tracksuit pants and runners approaches a counter with a rectangular blue cooler bag.

10/7/2019

article Melco Resorts celebrates women with Best Mom Award ceremony
(Macau) -- Melco Resorts & Entertainment Limited and the Women’s General Association of Macau recently co-hosted the Best Mom Award Ceremony at City of Dreams.

9/18/2019

article Melco to focus on Yokohama
(Japan) -- Melco Resorts has announced that it will focus its Japan IR campaign on Yokohama and that it was suspending its participation in bidding for the Osaka...

9/12/2019

article Crown Resorts Limited Under Investigation by the New South Wales Regulator
(Australia) -- As revealed recently, one of the biggest Australia-based entertainment and gaming groups Crown Resorts is under investigation by the New South Wales...

9/10/2019

article Crown casino case shows federal Icac model 'inadequate', former judge says
(Australia) -- The integrity watchdog overseeing the home affairs department is “inadequate” to deal with the allegations against Crown casino, a former...

9/3/2019

article Star casino partner has close ties to banned businessman
(Australia) -- A significant shareholder in Australian casino heavyweight Star Group has strong links to a Hong Kong businessman banned from any involvement in rival...

8/30/2019

article China Expels Journalist After Report On Xi Jinping's Family
(China) -- China effectively expelled a Wall Street Journal reporter from the country, one month after the newspaper published a report detailing allegations that a...

8/29/2019

article Australia's James Packer pauses Crown selldown over China probe
(Australia) -- AUSTRALIAN businessman James Packer has frozen a A$1.2 billion (S$1.1 billion) partial sale of his casino company to Hong Kong's Melco Resorts &...
article Crown Resorts faces inquiry over fitness to hold Sydney casino licence
(Australia) -- Gambling authorities in Australia have ordered a public inquiry to review whether Crown Resorts should be allowed to retain its licence to operate a A$2bn...
article James Packer's $1.78b Barangaroo deal with Chinese casino operator stalls
(Australia) -- An investigation with the powers of a royal commission has made Chinese gambling giant Melco wary of going ahead with a 19.9 per cent acquisition of James...

8/28/2019

article James Packer's Crown Resorts stake sale hits regulatory roadblock
(Australia) -- Australia’s Crown Resorts (CWN.AX) on Thursday said it had been informed that a planned $1.2 billion stake sale by casino mogul James Packer to...
article Crown fallout: Melco puts plans to buy James Packer's shares on hold
(Australia) -- Hong Kong casino tycoon Lawrence Ho's Melco Resorts will delay buying more shares in Crown Resorts from James Packer worth $880 million until after...
article Crown Resorts: inquiry to examine whether James Packer's casino group fit to hold licence
(Australia) -- A public inquiry into allegations of wrongdoing at casinos run by Crown Resorts will decide whether the James Packer-dominated group is fit to hold a...

8/22/2019

article Crown Resorts tipped to suffer further VIP revenue declines
(Australia) -- Crown Resorts is expected to suffer a further collapse in high-roller turnover this year, with analysts concerned the decline in VIP revenue could...

8/21/2019

article Crown signals retreat from tour partners after 'junkets' scandal
(Australia) -- Australian casino giant, Crown Resorts, has signalled it may reduce its reliance on Chinese "junket" operators as multiple investigations begin...

8/20/2019

article Profits fall at casino operator Crown on VIP slowdown
(Australia) -- Australian casino operator Crown Resorts has reported a fall in its annual profits on the back of a slump in spending by VIP gamblers, in what has been a...

8/18/2019

article Crown inquiry should be broadened says independent MP
(Australia) -- An inquiry into James Packer's proposed sale of $1.76 billion of his Crown shares to Melco Resorts should be broadened to include an examination of...

8/16/2019

article Suncity to shut its Australian casino high-roller rooms after reports of crime links
(Australia) -- The world's biggest recruiter of high-roller Chinese gamblers, Suncity, is dramatically scaling back its Australian operations after revelations of...

8/12/2019

article Crown and Lawrence Ho face a perfect storm
(Australia) -- Politicians hate investigations of all kinds, so when the NSW Independent Liquor and Gaming Authority last Thursday announced an inquiry into Lawrence Ho...
article Vic crossbench MP calls for Crown probe
(Australia) -- Victorian upper house crossbench MP Fiona Patten wants a parliamentary inquiry into Crown Casino after allegations of money laundering and other dodgy...

8/11/2019

article Crown investor associated with company on casino's banned list
(Australia) -- Lawrence Ho, the Hong Kong gambling tycoon acquiring $1.76 billion worth of Crown shares from James Packer, was a long term director of a company banned...

8/9/2019

article Crown Resorts: Packer's casino group foots bill as 'special relationship' in spotlight
(Australia) -- On Sydney’s harbour, down by the southern end of the city’s famous bridge, James Packer’s dream is thrusting itself into the sky. The...
article Melco says no truck with Stanley Ho, as Australia probes $1.2 bln Crown deal
(Australia) -- Melco Resorts & Entertainment said on Friday its CEO's father, who had been investigated by Australian authorities, was not involved in its...

8/8/2019

article Crown Resorts Shares Fall on Inquiry Into Stake Sale to Hong Kong Group
(Australia) -- Shares in Crown Resorts Ltd. (CWN.AU) fell Friday morning as investors reacted to a new inquiry by New South Wales authorities into the sale of a stake in...
article Crown to cooperate in probe into Melco’s stake deal
(Australia) -- Australian casino operator Crown Resorts Ltd confirmed on Thursday that it had been notified by the gaming regulator in the state of New South Wales that...
article NSW regulators announce official inquiry into Melco Resorts acquisition of Crown Resorts stake
(Australia) -- The NSW Independent Liquor & Gaming Authority has announced that it will conduct an official inquiry into the proposed sale of shares in Crown Resorts...
article NSW watchdog to probe Packer's sale of Crown shares
(Australia) -- On 31 May, James Packer's CPH Crown Holdings sold $1.76 billion worth of shares in Crown Resorts (ASX: CWN) to Hong Kong-based casino operator Melco...
article Three separate governments investigating Crown Casino
(Australia) -- Anti-gambling activists say they're impressed by a move from the New South Wales Government to launch a powerful inquiry into Crown Casino.

8/6/2019

article Ben Simmons doubles down on Crown Casino allegations in defiant tweet
(Australia) -- NBA star Ben Simmons is refusing to back away from claims he was racially profiled by a Crown Casino security guard in an alleged incident that has...

8/5/2019

article Crown Resorts probed over alleged criminals’ use of accounts
(Australia) -- Try as they might, Australian casino operator Crown Resorts just can’t seem to buy a break from the tsunami of negative press that shows no sign of...
article Crown's China troubles upset Melco's grand gamble
(Australia) -- Crown Resort's troubles in China could throw Melco's game. Fresh allegations around the $5 billion Australian casino group's dealings with...

8/4/2019

article ANALYSIS: Crown’s web of influence runs deep
(Australia) -- When my publican grandfather ran a bookmaking service at his Ballarat pub in the 1950s, he’d leave out a £10 note each week for the police to...
article This Casino Made a Bad Bet on High-Rollers
(Australia) -- The biggest casino company in the world’s most gambling-mad country has just endured a dreadful week. It’s about to get a whole lot worse....

8/3/2019

article Labor defends opposition of investigation into Crown Casino controversy
(Australia) -- Opposition Leader Anthony Albanese has defended Labor's opposition to a parliamentary inquiry into allegations federal ministers interfered in visa...
article Rudd declares he is 'delighted' by investigation into Crown casino
(Australia) -- The former prime minister Kevin Rudd has said he is “delighted” that allegations about the operations of Crown casino revealed by an...

8/2/2019

article 'This is new territory': Australia's powerful Crown casino faces scrutiny like never before
(Australia) -- It is an action of last resort when handling an extreme corporate public relations crisis: if your world is exploding around your ears take out a full-...
article Australian Gambling Giant Denies Links to Organized Crime
(Australia) -- Australian gambling giant hits back at 'deceitful' allegations of links to organized crime, human trafficking and money laundering. A television...
article Australian media accuses Crown Resorts of being used by triads for money laundering
(Australia) -- A joint report by Australian media The Age, The Sydney Morning Herald and 60 Minutes alleged that a Chinese criminal syndicate known as ‘The Company...
article Crown board of directors calls Australian media reports ‘deceitful campaign’
(Australia) -- The Board of Directors of Australian gaming operator Crown Resorts has issued an official message to MNA in which it looks to set the ‘record...
article 'Threatening people by force': Another Crown junket operator falls foul of the law
(Australia) -- Another key junket partner in casino giant Crown Resorts’ high-stakes Chinese gambling business allegedly led a violent organised crime racket...

8/1/2019

article Crown Casino is facing political inquiries, share price falls and probes. Here's what it all means
(Australia) -- Crown Casino has moved to defend itself as it faces further probes by regulators, the threat of a political inquiry and a hit to its share price. It...
article The Gambling Investigation Scrutinizing Xi Jinping’s High-Rolling Cousin
(Australia) -- When Australian federal agents searched a private jet with high-stakes gamblers at a coastal resort airport in 2016, they were seeking proof of...
article Xi cousin embroiled in Australian casino money laundering probe
(Australia) -- A cousin of Chinese President Xi Jinping is on the radar of investigators probing possible Chinese money laundering through Australian casinos, U.S. and...

7/31/2019

article Crown Resorts hits back at “deceitful” 60 Minutes report
(Australia) -- Australian casino operator Crown Resorts is pushing back against “a deceitful campaign” by local media alleging sketchy dealings involving the...
article Crown casino yet to fix money laundering risks and presence of alleged criminals, documents reveal
(Australia) -- Besieged gaming empire Crown Resorts has yet to satisfy the Victorian gambling regulator it has fixed nine serious problems at its flagship Melbourne...

7/30/2019

article China's alleged influence agent Huang Xiangmo was a Crown high roller
(Australia) -- Huang Xiangmo, the political donor ASIO expelled from Australia over his foreign influence activities, was an $800 million-a-year Crown casino high roller...
article Australia orders probe on allegations of special treatment for Chinese gamblers at Crown Resorts casino
(Australia) -- Canberra on Tuesday ordered an inquiry into allegations that police, customs and immigration officials illegally smoothed the way for a prominent casino...
article Australia to Probe Claims Chinese Gamblers' Visas Were Fast-Tracked for Crown Resorts
(Australia) -- Australia has ordered an investigation into allegations immigration officials gave casino operator Crown Resorts preferential treatment by fast-tracking...
article Crown cites ”robust process” for junket vetting as government calls for parliamentary inquiry
(Australia) -- Under-fire Australian casino operator Crown Resorts Ltd has responded to criticism of its involvement with Asian-based junket operators, insisting it has...
article Integrity investigation ordered into Government and Crown Casino handing of foreign visitors
(Australia) -- Commonwealth authorities and Crown Casino will face an integrity investigation amid allegations about efforts to lure Chinese gamblers to Australia. Crown...
article Chinese president’s cousin may be connected to organized crime, money laundering
(Australia) -- Australian law-enforcement and intelligence agencies are scrutinizing the activities of one of Chinese President Xi Jinping’s cousins as part of...

7/29/2019

article Australia Casino Giant's Shares Fall After Reports Asian Gangs Laundered Cash
(Australia) -- Crown Resorts Ltd. may be investigated by Australia’s parliament after reports that an Asian crime syndicate allegedly laundered money through the...
article Australia investigates fast-track visas for Chinese gamblers
(Australia) -- Australia’s government has ordered an investigation into whether immigration authorities provided preferential treatment to the country’s...
article Crown Resorts Probed After Money Laundering, Visa Claims
(Australia) -- Crown Resorts Ltd. and Australian officials will be investigated after allegations of money laundering at the firm’s casinos and the fast-tracking...
article Former gaming minister demands Crown investigation over crime link claims
(Australia) -- A former Victorian gaming minister has demanded the state’s gambling regulator investigate allegations aired by Nine against the operator of...
article Politicians call for parliamentary inquiry into Australia’s Crown Resorts
(Australia) -- A number of Australian politicians have called for an inquiry into Crown Resorts following allegations published by three media outlets over the weekend...

7/28/2019

article Andrew Wilkie calls for parliamentary inquiry into Crown Resorts
(Australia) -- Crown Resorts is facing calls for a federal parliamentary inquiry after days of revelations about its flagship Melbourne casino and payments to a brothel...
article Crown's unsavoury business links: how Australia's casino got tied up with criminals
(Australia) -- On August 17, 2016, federal police received a security alert about a man preparing to board a luxury private jet idling on a runway at Coolangatta airport...
article Crown Resorts rejects 60 Minutes allegations of criminality
(Australia) -- Australian casino operator Crown Resorts is defending itself against a major media investigation into its historical dealings with Chinese VIP gamblers....
article Viewers savage 60 Minutes investigation on Crown casinos
(Australia) -- Channel 9 had built it up as a story that would “rock the foundations of Australia”, but a 60 Minutes investigation into Crown casinos left...

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