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Crown Resorts maintains Melbourne casino licence

Crown Resorts will maintain its licence to operate the Crown Melbourne, following a review by regulators in Victoria, Australia. The Victorian Commission for Gambling and Liquor Regulation (VCGLR) was responsible for conducting the sixth review of the Australian-based casino operator and its Melbourne casino licence.

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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...
article Xi Jinping's cousin a high roller as Crown comes under pressure over crime, influence
(Australia) -- A cousin of Chinese President Xi Jinping was aboard a private jet for high-roller gamblers when it was searched by federal agents on the Gold Coast in...
article EDITORIAL: Keep black cash out of Australia's casinos
(Australia) -- Because casinos are a potential way for criminals to launder cash, Australia’s state and federal governments are supposed to regulate them tightly....

7/26/2019

article 60 Minutes Australia: Much-hyped story revealed as ‘Crown Unmasked’
(Australia) -- The bombshell 60 Minutes story which Channel 9 has been teasing all week has been revealed. In a promo released a few days ago, 60 Minutes said Sunday...
article Crown casino's links to Asian organised crime exposed
(Australia) -- Casino and hotel operator Crown Resorts went into business with tour operators backed by Asia’s most powerful organised crime syndicates as part of...
article Ex-Crown employee breaks silence on what really happened during Chinese police raids, arrests
(Australia) -- A former employee of Australian gambling giant Crown Resorts is risking her personal safety to reveal what really happened to her and 18 Crown colleagues...
article Gangsters, gamblers and Crown casino: How it all went wrong
(Australia) -- Jenny Jiang's world was turned upside down when the Crown employee was arrested and jailed for breaking Chinese gambling law. But even she didn't...

7/5/2019

article Nearly million visits to Melco Cyprus casinos in first year
(Cyprus) -- Just under a million guest visits have been recorded at the monopoly Cyprus casino operation that began a year ago this month, said the operator Melco...

6/16/2019

article Sale of Aussie gaming stake sparks concern
(Australia) -- Australian gaming tycoon James Packer is one of the nation's richest people but has experienced a turbulent few years, which included his candidly...

6/14/2019

article Melco shareholders approve final dividend for 2018
(Australia) -- Melco International shareholders have decided that a little extra boost is due from the company’s performance last year. They approved a final...

6/10/2019

article Ho: Heir Apparent to Packer? (sub req)
(Macau) -- Lawrence Ho, the chairman and CEO of Melco Resorts & Entertainment, which now owns almost 20 percent of Crown Resorts, may be planning to buy an ownership...

6/7/2019

article Melco’s Lawrence Ho welcomes Australian scrutiny over Crown deal
(Australia) -- To Australia gaming regulators wanting to delve deep into the background of Melco Resorts Chairman and CEO Lawrence Ho, he says, “bring it.”...
article Crown has a new king – but regulators may get in the way of deal
(Australia) -- James Packer’s decision to sell 19.9% of his Australian gaming empire, Crown Resorts, to his former Macau business partner faces a labyrinth of...

6/6/2019

article Melco takes first bite of Crown as probity process starts rolling
(Australia) -- Lawrence Ho’s purchase of his first tranche of shares in Crown Resorts will fire the starting pistol for what looms as a lengthy probity approval...

6/4/2019

article Melco leverage manageable post Crown deal: Lawrence Ho
(Macau) -- Melco Resorts and Entertainment Ltd will still have a “manageable” leverage ratio following its 19.99-percent stake acquisition in Australian...

6/3/2019

article Australian probity checks into Melco’s Lawrence Ho could take more than a year after Crown acquisition
(Macau) -- Probity checks by Australian regulators into new Crown Resorts shareholder Melco Resorts & Entertainment and specifically its Chairman and CEO Lawrence Ho...

6/2/2019

article Former casino watchdog backs fresh Ho probe
(Australia) -- The former regulator who rubber-stamped a Sydney casino licence for Crown Resorts says a fresh probity check of new shareholder Lawrence Ho is warranted,...
article Packer's private company pays big dividends
(Australia) -- Just days after James Packer announced the sale of nearly half of his Crown shares to Lawrence Ho’s Melco Resorts, new accounts for the casino mogul...

6/1/2019

article The sons also rise: Macau casino tycoon on his long bond with Packer as he swoops in for Crown stake
(Australia) -- When Lawrence Ho met James Packer in Los Angeles in February, securing a foothold in the Crown casino empire never crossed his mind. The 42-year-old Macau...

5/31/2019

article Australian Billionaire James Packer’s Fortune To Fall After Deal To Sell Part of Crown Casino
(Australia) -- Australian casino mogul James Packer agreed to sell nearly 50% of his remaining stake in Crown Resorts Limited to Macau billionaire Lawrence Ho’s...
article Packer's shock Crown sale triggers fresh casino reviews
(Australia) -- James Packer's shock decision to offload half of his shares in Crown Resorts to Hong Kong-based gambling giant Melco for $1.8 billion will trigger...

5/30/2019

article Australia's Crown Resorts shares drop as stake sale to Melco dampens buyout hope
(Australia) -- Australian casino giant Crown Resorts Ltd saw its shares tumble on Friday, after a surprise $1.2 billion selldown by founder James Packer to Hong Kong...
article Crown shares fall after James Packer sells 20% stake
(Australia) -- Casino mogul James Packer has sold half his shares in Crown Resorts for A$1.76bn ($1.2bn), continuing the phased withdrawal from public life of a family...
article Crown's new prince: Meet Lawrence Ho, the controversial new force in Australian gambling
(Australia) -- There's a new force in Australian gambling. But Lawrence Ho is no stranger to those in the casino industry, nor to the regulators charged with keeping...
article Packer's sale of $1.76b stake in Crown Resorts puts spotlight on Barangaroo pledge
(Australia) -- Billionaire James Packer has sold almost half of his stake in casino giant Crown Resorts for $1.76 billion in a deal that is set to spark questions about...
article Casino operator Melco to buy 20% of Crown Resorts from billionaire Packer
(Hong Kong) -- Melco Resorts & Entertainment will buy a 20% stake in Australia’s Crown Resorts from casino mogul James Packer for A$1.76 billion ($1.22 billion...

5/17/2019

article Melco expects Japan spend 50:50 with local partner: CFO
(Japan) -- Although casino entrepreneur Lawrence Ho Yau Lung of Melco Resorts and Entertainment Ltd anticipates the total cost of a Japan casino resort to be more than...

4/18/2019

article Wynn Deal for Crown Resorts May Not Be as Dead as It Looks
(Australia) -- Australian casino operator Crown Resorts angered Wynn Resorts by prematurely revealing the two were in acquisition talks, causing Wynn to walk away from...

4/14/2019

article Australian billionaire dynasty confronts the end of an empire
(Australia) -- The Packer dynasty has sat astride corporate Australia for a century, forging newspaper, television and casino dominions with the power to make and break...
article Christopher Niesche: James Packer's now ready to hand over the Crown
(Australia) -- If James Packer succeeds in selling his casino business — as looks likely — it will seemingly end more than a century of the Packer family...

4/11/2019

article An Australian Billionaire Dynasty Confronts the End of an Empire
(Australia) -- The Packer dynasty has sat astride corporate Australia for a century, forging newspaper, television and casino dominions with the power to make and break...
article Casino bidding war looms for Crown after Wynn backs away
(Australia) -- FORCED to anchor in licensed clusters in Las Vegas and Macau, the world's biggest casino operators rarely get a free shot at expansion.

4/10/2019

article Casino Bidding War Looms for Crown After Wynn Backs Away
(Australia) -- Forced to anchor in licensed clusters in Las Vegas and Macau, the world’s biggest casino operators rarely get a free shot at expansion. That’s...
article Wynn Resorts Craps Out on Crown Resorts, but Will It Return to the Table?
(Wall Street) -- It's a deal that was over almost as soon as it began. Wynn Resorts Ltd. aborted talks to acquire Australia's largest casino operator, Crown...

4/9/2019

article Crown dives after Wynn ends buyout talks
(Australia) -- James Packer's Crown Resorts suffered a share price plunge on Wednesday after Las Vegas suitor Wynn Resorts ''terminated'' talks with Australia's biggest...
article Crown Resorts shares plunge as $10 billion takeover talks collapse
(Australia) -- Shares in the James Packer-controlled Crown Resorts have plummeted after a Las Vegas gaming giant pulled the plug on a potential $10 billion takeover...

4/8/2019

article Big Wynn? Vegas giant makes $7.1 billion play for Australia's Crown
(Australia) -- World No. 2 casino operator Wynn Resorts made a A$10 billion ($7.1 billion) takeover approach for Australia’s Crown Resorts, the target company said...
article Crown Resorts talking about takeover offer from Vegas' Wynn
(Australia) -- Las Vegas casino giant Wynn Resorts is in talks to buy Australia's largest casino operator, Crown Resorts. Crown, which owns casinos in Melbourne,...
article Las Vegas giant Wynn makes play for Crown; UBS, Goldman on defence
(Australia) -- Australia's biggest casinos company Crown Resorts has come into the crosshairs of Las Vegas giant and one-time business ally, Wynn Resorts. Street...
article Melco new satellite casino in Ayia Napa by summer
(Cyprus) -- A new satellite casino in Ayia Napa, Cyprus, as permitted under a gaming licence awarded to a consortium including Melco International Development Ltd, is...

3/31/2019

article Melco Int 2018 profit up despite revenue dip
(Macau) -- Global casino investor Melco International Development Ltd says profit attributable to shareholders rose by 10.2 percent year-on-year, to nearly HKD522.6...

3/26/2019

article Crown Casino banned from handing out plastic picks to allow continuous play on poker machines
(Australia) -- Melbourne's Crown Casino has been banned from handing out special plastic picks used by punters to bypass poker machine rules because their use...

3/13/2019

article Cheating scandal casts dark shadow over Melco’s Cyprus casino
(Cyprus) -- The Greek philosopher Sophocles is quoted as saying, “I would prefer even to fail with honor than win by cheating.” That doesn’t appear to...

3/3/2019

article Crown to expand casino 'oversight' after probe slams gambling risks
(Australia) -- James Packer's Crown Resorts is proposing to make its directors more responsible for oversight at its flagship Melbourne casino after a state...

2/24/2019

article Fresh doubts cloud Packer's Crown Sydney as Chinese punters pull back
(Australia) -- A sharp pullback in spending by super-rich Chinese gamblers in Australia makes the business case "less attractive" for James Packer's new...

2/21/2019

article Melco Resorts Q4 Income Surges 58 Percent, CEO Lawrence Ho Optimistic on Macau Mass Market
(Macau) -- Melco Resorts enjoyed a prosperous final quarter to 2018, as operating income ballooned by 58 percent. Net revenue for the final three months of the year...

1/31/2019

article Melco Resorts announces pay hike to staff, effective April
(Macau) -- Asian casino operator Melco Resorts and Entertainment Ltd announced on Thursday a salary increase for eligible non-management employees. The firm was the...

1/23/2019

article Melco boss dreams more Studio City tables, Elēkrŏn previews
(Macau) -- The decision to withdraw VIP gambling from Macau’s Studio City casino resort with effect from 2020 was about managing the “precious resource...

1/7/2019

article Cyprus construction tender results this month: Melco
(Cyprus) -- Hong Kong-listed casino investor Melco International Development Ltd says it expects to have the results of the tender for construction of its new casino...

1/3/2019

article Casino sector heading for shake-up with Packer's Crown Sydney
(Australia) -- The general market consensus is that Crown will put approximately 125 VIP gaming tables in its Barangaroo casino. If each table can generate $2 million,...

1/1/2019

article Casino sector heading for shake-up with Packer's Crown Sydney
(Australia) -- Whether the opening of James Packer’s new casino in Sydney can tip the scales in the battle with rival The Star to lure cashed-up Asian visitors is...

12/27/2018

article Melco group opens new satellite casino in Cyprus
(Cyprus) -- Cyprus Casinos, led by Asian gaming entrepreneur Lawrence Ho Yau Lung, opened on Friday a third casino – described as a “satellite” to the...

12/17/2018

article Packer wins casino ‘sight lines’ battle
(Australia) -- High rollers at the planned ultra-luxury resort casino intended for the Barangaroo site in Sydney, Australia, will get their spectacular view. This comes...

12/10/2018

article Melco suspends Philippine Stock Exchange trading after public holding falls to just 2.1%
(Philippines) -- Melco Resorts and Entertainment (Philippines) has suspended trading on the Philippine Stock Exchange (PSE) following completion on Monday of the...

11/18/2018

article Crown share plunge slices James Packer's wealth by $800m-plus
(Australia) -- It's a share price rout that has cut more than $824 million from the wealth of one of the nation's richest men, James Packer. Crown Resorts stock has...

11/1/2018

article Melco International To Back $630 Million Casino Resort Project In Cyprus
(Cyprus) -- Cyprus is gearing up for the addition of a $630 million casino resort project, according to a report by Forbes. Backed by Hong Kong giant Melco Resorts...

10/19/2018

article VIDEO: Breakingviews TV: Casino chips
(Macau) -- The solid market debut of Macau’s Studio City resort belies bigger problems in the Asian gambling hub. Katrina Hamlin and Jeffrey Goldfarb discuss how...

10/3/2018

press release Melco recognized as a top brand at the world’s top destination by ‘Forbes Travel Guide 2018 Most Luxurious Hotels/Spas’
(Macau) -- Melco Resorts & Entertainment Limited (“Melco”) is pleased to announce that it has attained the second highest number of entries for any...

9/28/2018

article Melco Resorts launches fleet of 20 electric buses
(Macau) -- Melco Resorts & Entertainment has launched Macau’s largest fleet of zero-emission electric buses, with 20 buses put into service in collaboration...
article Melco’s temporary Cyprus casino ‘exceeding expectations’
(Cyprus) -- Melco International Development’s temporary Cyprus casino has more than achieved the company’s visitation goals in its first three months of...

9/27/2018

article Crown punters leave $2m at casino
(Australia) -- Almost $2 million in unclaimed prize money has gone begging from punters who have had a win on the tables at Crown Perth, according to the State’s...
article Tender offer price in fair value range: Melco Philippines
(Philippines) -- Melco Resorts and Entertainment (Philippines) Corp says the tender offer price to buy out the firm’s minority stockholders falls within the fair...

9/24/2018

article Crown Casino sees 10% drop in revenue
(Australia) -- Crown Perth has fallen out of favor with rich Asian gamblers. The result is a drop in revenue of almost 10%, according to an announcement by the Gaming...
article Crown Casino taking fall 10% as Asian gamblers turn away from baccarat
(Australia) -- Rich Asian gamblers are shunning Crown Perth, punching a revenue hole in the entertainment complex which was redeveloped by James Packer for $650 million.
article Crown Resorts VIP Revenues Plunge in Australia as James Packer Recuperates in New $66 Million LA Mansion
(Australia) -- There was more bad news for James Packer’s Crown Resorts this week. Western Australia’s Gaming and Wagering Commission reported that VIP...

9/23/2018

article Crown Casino taking fall 10% as Asian gamblers turn away from baccarat
(Australia) -- Rich Asian gamblers are shunning Crown Perth, punching a revenue hole in the entertainment complex which was redeveloped by James Packer for $650 million...

9/10/2018

article Melco Resorts PHL to delist from PSE
(Philippines) -- In a disclosure to the stock exchange, Melco Resorts Philippines said its board of directors had approved the voluntary delisting of the company’s...

8/30/2018

article Packer's Crown targeting Millennials with gamer pokies
(Australia) -- A pokies manufacturer with ties to James Packer’s Crown Resorts has launched the first applications in Australia to roll out a revolutionary new...

8/27/2018

article Melco announces Macau employee benefits program
(Macau) -- Hong Kong-listed, Melco Resorts and Entertainment Ltd. (MLCO:NASDAQ GS), announced on Friday that a benefits program review for the company’s non-management...

8/25/2018

article Crown Casino escapes $19,342 fine after Carl Williams' underage daughter posts a photo
(Australia) -- Crown Casino has escaped a $19,342 fine after the 17-year-old daughter of slain gangster Carl Williams posted a picture of herself inside its high-rollers...

8/12/2018

article Crown is taking legal action against the government over Barangaroo views
(Australia) -- Crown Resorts is suing the NSW government, claiming another development will threaten the views from its new Sydney Casino at Barangaroo. Crown announced...

8/10/2018

article Whales return to Packer's Crown casinos but China shadow lingers
(Australia) -- Here in the private gambling salons, with postcard views of the city below, the stakes are incredibly high. Some bring an entourage, some come alone....

8/8/2018

article Crown windfall driven by $450m in losses from Victorian pokies players
(Australia) -- For the first time Crown Resorts has released profits gained from poker machine revenue, revealing gamblers lost $450m on Crown’s 2,682 poker...
article Foreign high-rollers flock back to Packer's Crown
(Australia) -- Foreign high-rollers are returning in large volumes to gamble at Crown Resorts' flagship casino with the James Packer-backed company revealing a major...

8/6/2018

article Crown Resorts maintains Melbourne casino licence
(Australia) -- Crown Resorts will maintain its licence to operate the Crown Melbourne, following a review by regulators in Victoria, Australia. The Victorian Commission...

8/5/2018

article Crown Resorts found suitable to retain Melbourne casino license but China investigation ongoing
(Australia) -- Crown Resorts has received a welcome tick of approval after local gaming regulator, the Victorian Commission for Gambling and Liquor Regulation (VCGLR),...

8/3/2018

article Crown 'lacking progress' on responsible gambling practices
(Australia) -- James Packer’s Crown Resorts is failing to adequately monitor and intervene in problem gambling at its flagship casino in Melbourne, according to a...
article Crown Casino's licence renewed despite concerns around help for problem gamblers
(Australia) -- Crown Casino must improve its responsible gambling efforts and compliance, Victoria's gaming regulator has declared, despite the operator being once...

8/1/2018

article Labour group demands upped benefits from Melco Resorts
(Macau) -- Nearly 2,200 people participated in a Wednesday gaming labour protest march in Macau targeting casino operator Melco Resorts and Entertainment Ltd, according...

7/28/2018

article Crown Resorts Refuses to Pay $270 Million Tax Bill Levied on Aborted Las Vegas Investments
(Australia) -- Crown Resorts will take on the Australian Tax Office in court next month in a bid to wipe a disputed nine-figure tax bill.

7/25/2018

article Melco Resorts to launch new City of Dreams junket space in early 2019
(Macau) -- Melco Resorts Chairman and CEO Lawrence Ho says the company expects to launch substantial new VIP space at its flagship Macau IR, City of Dreams, by early...

7/24/2018

article Crown Resorts' Australian tax dispute headed for court challenge
(Australia) -- Casino operator Crown Resorts Ltd's dispute over a A$362 million ($270 million) tax bill is scheduled to be heard in an Australian court next month,...

7/19/2018

article Billionaire casino owner James Packer quits business interests
(Australia) -- Billionaire James Packer has resigned from 22 Australian company directorships in the past few weeks and no longer holds any board seats in his home...

7/16/2018

article Melco Temporary Casino Off To a Slow Start in Cyprus
(Cyprus) -- Melco International Development, also known as the Melco Group, has opened its first casino in Europe, or more specifically on the island of Cyprus in the...

7/11/2018

article Melco launches onsite employee training with DSAL
(Macau) -- Macau concessionaire Melco Resorts & Entertainment Limited has launched its first on-site Hotel and Catering Safety Card Training Program in cooperation...

7/10/2018

article Casino regulator snubs whistleblower in Crown probe, says MP
(Australia) -- A review into Crown Resorts' suitability to hold its lucrative casino operating licence has been completed without hearing from a whistleblower about...
article Crown Casino not investigated by watchdog because whistleblowers wanted anonymity, MP says
(Australia) -- Victoria's gambling watchdog has been accused of refusing to investigate alleged misconduct at Crown Casino because whistleblowers who worked at the...
article Melco Resorts’ temporary Cyprus casino finds early going tough
(Cyprus) -- The Property President of Melco Resorts’ temporary casino in Cyprus, Craig Ballantyne, has pointed to the country’s many illegal casinos as a...

7/9/2018

article Australian billionaire James Packer quits own company amid illness
(Australia) -- Australian billionaire James Packer has quit the board of his private company Consolidated Press Holdings (CPH), a spokesman said on Monday, four months...
article James Packer quits board of private holdings company to continue mental illness fight
(Australia) -- James Packer has quit the board of his private holdings company, Consolidated Press Holdings (CPH), to focus on his recovery from mental illness. His...
article Melco's Cyprus casino numbers 'below expectations'
(Cyprus) -- More than 7,000 punters have visited southern Cyprus’ first legal casino since Melco International Development opened the doors on 28 June, but the footfall...
article Melco’s temporary Cyprus casino hobbled by northern competitors
(Cyprus) -- The temporary Cyprus casino opened last week by Melco International Development is so far performing “below expectations,” according to its property...

7/1/2018

article Crown gamblers get special swipe cards
(Australia) -- Gamblers at Melbourne's Crown casino have received swipe cards to avoid legal limits placed on pokie machines under special exemptions allowed by the...

6/22/2018

article Melco hosts workshop on Occupational Safety and Health Management for SMEs
(Macau) -- Melco Resorts & Entertainment Limited has conducted a workshop in which it shared with local SMEs the latest trends in Occupational Safety & Health...

6/14/2018

article Melco’s Morpheus won’t get any new casino gaming tables
(Macau) -- Macau’s casino regulators won’t authorize any new gaming tables at Melco Resorts & Entertainment’s new Morpheus property this year.

5/24/2018

article New Crown pokies tampering video surfaces on YouTube
(Australia) -- Australian MP Andrew Wilkie may have found the final nail to seal the coffin of Crown Resorts Ltd. after a video on a supposed ‘Crown pick’...

5/22/2018

article Crown Casino whistleblower posts YouTube video of 'pick' enabling autoplay on pokie
(Australia) -- Victoria's gambling regulator is under more pressure to investigate the use of small plastic picks on poker machines at Melbourne's Crown Casino...

5/9/2018

article Melco Int’l appoints Ballantyne head of Cyprus casino project
(Cyprus) -- Casino operator Melco International Development has formally appointed Craig Ballantyne to oversee its City of Dreams Mediterranean integrated resort project...

5/4/2018

article Melco Ditches Junkets for New Casino Tower at City of Dreams Macau
(Macau) -- Melco Resorts & Entertainment will not resort to junket operators to bring VIP customers to the new tower at its City of Dreams Macau integrated resort,...

5/2/2018

article Melco Resorts Billionaire Lawrence Ho Talks Japan, Wynn Resorts, Macau Mass Market
(Japan) -- Melco Resorts Chairman Lawrence Ho opened up this week on numerous pressing casino issues that could greatly impact the future of the gambling industry....

4/27/2018

article Australia's Crown Casino Fined For ‘Blanking' Slot Machines
(Australia) -- Australia's largest casino has been fined A$300,000 (£160,000; $225,000) for tampering with its slot machines to limit betting options. The...

4/26/2018

article Crown casino fined $300,000 in Victoria for poker machine tampering
(Australia) -- Crown has been fined $300,000 by Victoria’s gambling regulator over the gambling giant’s tampering with poker machines. The action followed a...

4/24/2018

article Crown casino hit with fresh pokies tampering claim
(Australia) -- Australian MP Andrew Wilkie has found what he described as “potentially very hard and indisputable evidence” to pin casino operator Crown...

4/23/2018

article Packer's Crown under fire in fresh pokies tampering claims
(Australia) -- Australia's largest casino operator, Crown Resorts, has been hit with fresh allegations that it has overseen illegal modifications to its poker...

4/20/2018

article Packer's right hand: John Alexander wields the knife at uneasy Crown
(Australia) -- James Packer steps out into the hotel’s ritzy reception hall, dressed in a dark suit, sipping from a cardboard coffee cup. His two female bodyguards...

4/10/2018

article Australia's Packer to play safe by keeping Crown listed, and stable: sources
(Australia) -- When James Packer first quit the board of Australia’s Crown Resorts Ltd (CWN.AX) in 2015, the world No. 7 casino company he built from his late...

3/27/2018

article Crown Resorts faces new machine-fixing allegations
(Australia) -- The sudden resignation of Crown Resorts CEO James Packer last week was a shock to many. More shocking was the explanation provided—he had to deal...

3/21/2018

article James Packer steps down as Crown Resorts Director
(Australia) -- Billionaire casino mogul, James Packer has announced he will step down as the director of Crown Resorts, citing mental health reasons. In an emailed...
article Packer quits gaming empire over 'mental issues'
(Australia) -- Australian tycoon James Packer abruptly quit yesterday as director of his gaming empire Crown Resorts for "mental health issues," stepping back...
article James Packer Resigns from Crown Resorts Board Citing Mental Health Issues
(Australia) -- Billionaire James Packer has resigned as director of Australian casino giant Crown Resorts to undergo treatment for mental illness.

3/20/2018

article James Packer resigns from Crown Resorts due to 'mental health issues'
(Australia) -- Australian billionaire James Packer has quit the board of casino operator Crown Resorts Ltd due to mental illness, following a tumultuous period including...
article James Packer, Australian Billionaire, Resigns From Casino Company
(Australia) -- James Packer, a colorful Australian billionaire who has found himself embroiled in a corruption scandal involving Israel’s prime minister, has...

3/5/2018

article Crown Casino in Hot Water Over Button Removal
(Australia) -- It surfaced last year that Crown Casino was accused of tampering with their pokies machines. Evidence was provided by three whistle-blowers who brought...
article Crown's licence to make money is under threat
(Australia) -- James Packer’s Crown Resorts really needs to remain under the regulatory radar both in Australia and in China. But it is failing miserably. Instead...
article James Packer's Crown Resorts might face disciplinary measures
(Australia) -- The industry is pondering whether fines could go the way of James Packer's Crown Resorts, as Victoria's gambling authority launches disciplinary...

3/4/2018

article Crown Casino facing disciplinary action for removing buttons on poker machines
(Australia) -- Crown Casino faces possible disciplinary action — including a suspension of its licence — from Victoria's gambling regulator for removing...
article James Packer to sell $100m stake as regulator investigates Crown
(Australia) -- Billionaire and Financial Review Rich Lister James Packer will offload more than $100 million in shares in his Crown Resorts casino and resorts group. Mr...

3/2/2018

article The Stars Group replaces Crown as the majority shareholder in CrownBet
(Australia) -- Toronto-based gaming and online gambling company, The Stars Group (Nasdaq: TSG; TSX: TSGI), recently announced that it has acquired a 62 percent majority...

2/27/2018

article The Stars Group acquires majority stake in Australia’s CrownBet
(Australia) -- The parent company of online poker giant PokerStars has acquired a majority stake in Australian online sports betting operator CrownBet. On Tuesday, The...
article Crown Resorts seals $150m sale of stake in CrownBet
(Australia) -- James Packer's Crown Resorts has sealed a $150 million deal to sell its majority ownership of prominent Australian sports-betting site CrownBet to a...
article Man arrested after 'acting erratically' at Melbourne's Crown Casino
(Australia) -- Victoria Police officers responded following reports of a man "yelling threats" at the casino, Wednesday about 3.30pm. "Police responded,...
article Crown Resorts seals $150m sale of stake in CrownBet
(Australia) -- James Packer's Crown Resorts has sealed a $150 million deal to sell its majority ownership of prominent Australian sports-betting site CrownBet to a...
article Crown's $150m stake in CrownBet sold to Canada's The Stars Group
(Australia) -- Canadian gambling giant The Stars Group will likely use its $150 million purchase of a 62 per cent stake in corporate bookmaker CrownBet to push for...

2/24/2018

article Melbourne Crown Casino High Rollers Return, VIP Revenue Surging, Year-on-Year Overall Still Lagging
(Australia) -- It’s a welcome sight for officials at the Melbourne Crown Casino: their biggest bettors, many of whom hadn’t been seen in months, are finally...

2/23/2018

article Bob Blann spends $40m on whole-floor apartment in Sydney Crown casino development
(Australia) -- Veteran venture capitalist Bob Blann has laid claim to one of Australia’s highest apartment sales paying more than $40 million for a whole-floor...

2/21/2018

article High-roller revenue rockets at Crown's Melbourne casino
(Australia) -- Foreign high-rollers are heading back to James Packer's flagship casino, Crown Melbourne, where revenue from its so-called VIP gambling program has...

2/7/2018

article Former Gambling Addict Loses Federal Court Case Against Crown Casino
(Australia) -- According to a recent report onPlaySlots4RealMoney.com, a Federal court in Australia recently dismissed a case that claimed that the gambling machines at...

2/5/2018

press release Melco Announces Earnings Release Date
(Macau) -- Melco Resorts & Entertainment Limited (Nasdaq:MLCO), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia,...

2/1/2018

article Crown Casino poker machines not 'deceptive' court finds, ruling against former gambling addict
(Australia) -- A former gambling addict who argued a popular poker machine was deceptive and misleading loses her landmark court case against Melbourne's Crown...
article Former gambling addict loses landmark poker machine case against Crown, Aristocrat
(Australia) -- James Packer’s Crown Resorts and Australia's biggest pokies manufacturer have been cleared of allegations that a popular line of poker machines...
article Poker machines: Crown casino found not to have misled players with design
(Australia) -- A federal court judge has found Crown Melbourne and a poker machine developer did not breach consumer law through the design of one of its popular...

1/31/2018

article Crown Resorts Limited completes sale of Alon Las Vegas site
(Las Vegas) -- After late-2016 saw Crown Resorts Limited abandon its plan to build the $2 billion Alon Las Vegas integrated casino resort, the Australian firm has now...

1/29/2018

article Australia’s Crown sells out of Vegas
(Australia) -- Australia’s Crown Casino said Monday it had finalised the sale of its interest in a Las Vegas site it had formerly earmarked for a casino. Crown...

1/28/2018

article Packer's Crown Resorts seals $370m Las Vegas land sale
(Las Vegas) -- Billionaire James Packer's Crown Resorts has sold its stake in a large site on the world-famous gambling strip, Las Vegas Boulevard, as the company...

1/20/2018

article Melco Shows Off Biometric Technology for Casino Security in Japan Ahead of Licensure Pitch
(Japan) -- Melco Resorts Japan demonstrated a new security system at their offices this week as part of their push to earn a license when the Japanese market opens to...

1/15/2018

article James Packer's Macau retreat costs Crown investors $2.5b
(Macau) -- James Packer's decision to end his alliance with fellow billionaire Lawrence Ho and retreat to Australia has already cost him and his fellow investors $2....
article James Packer's Macau retreat costs Crown investors $2.5b
(Australia) -- James Packer's decision to end his alliance with fellow billionaire Lawrence Ho and retreat to Australia has already cost him and his fellow investors...

12/29/2017

article Crown Resorts offloads CrownBet stake for $117M
(Australia) -- Beleaguered casino operator Crown Resorts has agreed to sell its 62% stake in online betting company CrownBet for A$150 million (US$117 million). Crown...

12/18/2017

article Melco Resorts Billionaire Lawrence Ho Divesting Shares in Russia Casino Tigre de Cristal
(Macau) -- Hong Kong billionaire Lawrence Ho is selling his interest in the Tigre de Cristal casino resort in Russia’s Far East. In an announcement filed with the Hong...

12/14/2017

article Sky's the limit! Casino tycoon James Packer buys $60 million Crown penthouse complete with 'unprecedented security features' in new Australian property record
(Australia) -- He broke property records when he sold his $70 million Vaucluse mansion with ex-wife Erica Packer in 2015. And now James Packer's breaking records...

12/5/2017

article Investors file class action against Crown
(Australia) -- Eighteen Crown employees had been held in China after authorities determined the company wasn’t giving shareholders the required information about...

12/3/2017

article Crown Casino facing class action over share price collapse following arrests in China
(Australia) -- Crown Resorts' shareholders have launched a class action against the gambling giant for a sharp drop in its share price following the arrest of 18...
article Investors launch class action against Crown over China scandal
(Australia) -- Months after its arrested employees were released, Crown Resorts' headaches over China are far from over with an investor class action set to test...

12/1/2017

article Melco Pledges to Move Headquarters to Japan if it Receives Casino License
(Japan) -- Melco Resorts & Entertainment Chairman Lawrence Ho has vowed to do “whatever it takes” in order to get into the Japanese casino market when it...

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