Browsing Tag

casino giant

Crown Perth money laundering probe closes

The casino giant has spent almost two years under the spotlight of multiple investigations, but the WA royal commission is finally drawing to a close.Crown Resorts executives will no doubt breathe a sigh of relief as almost two years under…

James Packer gives up Crown stake fight

The reclusive billionaire had previously argued forcing him to slash his stake in the casino giant was not necessary, but has now resigned himself.James Packer has given up his fight to cling onto his massive stake in Crown Resorts, telling…

Watchdog placed ‘excessive’ trust in Crown

WA regulators placed far too much trust in Crown Casino and should have been more suspicious, a royal commission has heard.Crown Resorts enjoyed “an excessive level of trust” from Western Australia’s gambling regulator, which was “not as…

Crown’s ‘purgatory’ nightmare drags on

The casino giant’s colossal battle to redeem itself involves ‘far-reaching and complex’ steps, a ratings agency says, in reviewing its dismal full-year results.Crown Resorts has delivered a dire set of results after a horror year, with a…

Blow to Packer in casino clean-up

James Packer will need the approval of a new casino regulator to keep his big stake in Crown, which could be a big ask.Every single recommendation from the NSW inquiry into Crown’s money laundering scandal has been accepted by the state…

Packer resists push to slash Crown sway

The reclusive billionaire is fighting calls to limit his voting power in the casino giant, while outgoing chair Helen Coonan has not ruled out a consulting role.Reclusive billionaire James Packer is fighting calls to limit his voting power…