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Crown Resorts

NSW casinos agree higher tax rates with state government

Negotiations between the state government and casino operators in New South Wales have led to an agreement on employment and tax rates.

The agreements signed Monday [...]

1 min read

Crown Resorts looks to improve gambling harm prevention initiatives

Sydney-listed casino operator Crown Resorts has introduced Crown PlaySafe, a new initiative to reduce gambling harm across its Australian resorts.

The plan forms part of the [...]

1 min read

Australia’s Federal Court concludes civil penalty proceedings against Crown

The Federal Court of Australia has ordered Crown Resorts to pay a AUD$450 million penalty after concluding civil penalty proceedings commenced by financial intelligence agency [...]

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Crown Resorts proposes AUD$450 million penalty for historical AML failures

Sydney-listed casino operator Crown Resorts has proposed to pay a AUD$450 million penalty to resolve civil penalty proceedings relating to historical money laundering breaches.

The agreement [...]

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Australian regulator imposes record $120m fine on Crown Melbourne

The Victorian Gambling and Casino Control Commission (VGCCC) has taken further disciplinary action against Crown Melbourne for failing in its Responsible Service of Gambling obligations.

The [...]

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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 [...]

1 min read

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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