Crown hits back in gambling addict lawsuit
Crown Resorts is fighting a near $4.6m lawsuit from an ex-patron who alleges the James Packer-backed group should have known he was a gambling addict.
Crown Resorts is fighting a near $4.6m lawsuit from an ex-patron who alleges the James Packer-backed group should have known he was a gambling addict.
Western Australia’s gambling watchdog didn’t check the details of foreign high rollers for criminal links, assuming federal authorities would have been rigorous.
Perth billionaire and former director of Crown’s Perth casino Tim Roberts has told a royal commission that he never saw any ‘red flags’ of operational risk.
The sole surviving independent director of Crown Resorts’ WA arm has unloaded on the parent company and the structure of its local operations.
The Star left the door open to hashing out future deals with the James Packer-backed casino.
Crown Resorts chair Helen Coonan has committed to an overhaul of the James Packer-backed company but has also restated her intention to stand down.
Crown Resorts shareholders face more uncertainty after this week’s hearings of the Finkelstein royal commission. Only a few months ago, Crown had two suitors.
Despite its casinos coming under fire, Crown Resorts still expected to return to dividends quickly, a royal commission has heard.
Crown Resorts might as well be operating in different countries instead of three Australian states.
Crown Resorts did not grant Blackstone access to due diligence before rejecting its $8bn offer, as it has yet to form a view on rival Star’s merger plan.
The probe into Crown Resorts’ Melbourne casino will hear its first evidence on Monday, and NSW regulators will be watching closely.
Crown’s Sydney casino looks set to open by year’s end after deal with NSW regulator including cashless gambling and a bar on ‘junkets’.
Victoria will begin royal commission public hearings into James Packer’s Crown Resorts on May 17.
Crown’s assessment of Blackstone’s $8bn offer faces a twist after a separate funding proposal that’d allow it to buy out James Packer’s stake.
On the face of it, Oaktree’s approach indicates there may be more players out there interested in buying into Crown at a time when it is still working through issues with regulators.
WA casino regulations face their first shake-up in decades, as the royal commission into Perth’s Crown casino begins hearings.
James Packer has indicated he is open to selling his near $3bn Crown stake to Blackstone, as Consolidated Press Holdings taps Moelis for advice.
As the Crown board hunkers down to deal with requests from Victoria’s royal commissioner, its future — in a bizarre way — looks more assured than it has for some time.
If anyone has issues to raise regarding Crown Melbourne or problem gambling, they should speak up now before the royal commission finishes its work.
Crown will have to prove that its actions speaks louder than its words as Victoria’s royal commission into the troubled casino group begins.
Original URL: https://www.theaustralian.com.au/topics/crown-resorts