Crown Resorts

Victoria to introduce mandatory pre-commitment on slots

The Australian State of Victoria has introduced reforms to safeguard against money laundering and gambling related harm.

The legislation introduced on Monday would create a mandatory [...]

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Blackstone completes Crown Resorts acquisition

New York-listed investment firm Blackstone has completed the acquisition of Australian casino operator Crown Resorts for AUD$6.3bn.

After securing regulatory approvals earlier this month, the transaction [...]

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Crown approved to open Sydney casino

The NSW Independent Liquor & Gaming Authority has given Crown Sydney Casino conditional approval to begin gaming operations. 

The Authority’s chairperson, Philip Crawford, said Crown will [...]

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Blackstone approved by Australian regulators to take over Crown Resorts

New York-based investment firm Blackstone has secured regulatory approvals to become the operator of Crown casinos in Perth, Sydney and Melbourne, Australia.

Blackstone has been approved [...]

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Crown Resorts Board recommends Blackstone takeover offer

Sydney-listed casino operator Crown Resorts has agreed a sale to investment firm Blackstone at a price of AUD$13.10 per share.

The proposed Scheme of Arrangement is [...]

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Crown Resorts rejects Blackstone proposal as it mulls Star merger

Australia’s Crown Resorts is continuing to engage with The Star Entertainment Group regarding a potential merger of the casino businesses after rejecting an indicative takeover [...]

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Crown reaches agreement with regulator to reopen Sydney venue

Australian casino operator Crown Resorts could be allowed to open its Sydney venue by the end of this year after reaching an agreement with the [...]

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Crown Resorts names Steve McCann as new CEO

Sydney-listed casino operator Crown Resorts has appointed Steve McCann as its new chief executive and managing director, as the company weighs up several offers to [...]

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Australia’s Star Entertainment tables offer to merge with Crown

Australian casino operator Star Entertainment Group has submitted a non-binding proposal to merge with rival operator Crown Resorts to create a potential AUD$12bn gaming giant.

The [...]

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Crown Resorts shares soar on AUD$8bn acquisition proposal

Sydney-listed casino operator Crown Resorts has received an AUD$8.0bn acquisition offer from US private equity firm Blackstone Group.

The unsolicited, non-binding and indicative proposal on behalf [...]

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Australia latest to shut down gaming venues with restrictions lasting up to six months

Casinos in Australia could be closed for up to six months under new restrictions brought into force to contain the spread of COVID-19, including the [...]

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Hong Kong Jockey Club hits out at Betfair for Australian exchange wagering

The Hong Kong Jockey Club (HKJC) has hit out against Crown Resorts-owned betting exchange Betfair in Australia for offering Hong Kong racing to exchange customers [...]

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