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Tag Archives: Crown

Australia – Blackstone looks to protect offer for Crown from regulatory fall-out

US private equity fund Blackstone has tweaked its $6bn offer for Crown Resorts, saying can’t lose any of its state licences before the deal is approved, and that a Blackstone-controlled Crown must be viewed as a ‘suitable’ operator by all regulatory authorities. Blackstone has left the price of its offer the same. Crown Resorts said:…

Australia – Victorian reopening task force slammed for ‘self-serving’ advice

Members of a Victorian task force including big names from the gaming industry have insisted they are not pressuring the Australian government to lift the COVID-19-enforced closures quickly, but are being supportive of government health measures to avoid outbreaks and further shutdowns. The task force, which includes Crown Resorts, Tabcorp, the Australian Hotels Association, Community…

Australia – Australian casinos introduce ‘social distancing’ rather than close gaming floors

Rather than close their casinos, Australian casino operators Crown Resorts and The Star Entertainment have introduced a minimum distance between casino customers and reduced gaming capacity by turning off every other slot machine. A minimum distance of 1.5 metres has been introduced between players including at seated table games. The operator said: “Following consultation with…

Australia – Crown continues to slip as VIP falls 46 per cent

Australian operator Crown Resorts’ AGM might have been dominated by questions concerning regulatory probes following media speculation that it flouted visa rules, but its financials painted another worrying picture. VIP sales at the company’s Australian resorts fell by 46 per cent between July and October. GGR from main floor gaming meanwhile increased by two per…

Australia – NSW Authority to investigate Crown’s links to Stanley Ho

NSW Independent Liquor and Gaming Authority is launching an inquiry into Crown Resort’s Barangaroo licence concerning the sale of shares in Crown Resorts from James Packer’s CPH Crown Holdings Pty Limited to Lawrence Ho’s Melco Resorts & Entertainment. The deal was confirmed by Crown in a Media Release dated 31 May 2019. Reports out of…

Colombia – Codere installs Zitro’s Link King

Codere has installed Zitro’s Link King, the star product of Bryke video slots, in its Crown Casinos in Cali and Bogotá in Colombia. The linked progressive, which has achieved such phenomenal success across Latin America, is now available in Crown Cali, Crown Unicentro, Crown San Rafael and Crown Platinum Casinos joining a gaming trend felt…

Australia – Victoria government rejects Crown’s delay to One Queensbridge

Australian casino operator Crown Resorts will have to reconsider its options regarding the construction of Australia’s tallest building with its request to delay the start of its build rejected by the Victoria government. The 323-meter, 90-story One Queensbridge tower would have been built at the company’s existing casino resort in Melbourne at a cost of…

Australia – VIP slump in Perth takes bite out of Crown’s profits

Asian high-rollers have stayed away from the baccarat tables at Crown Perth where a ‘subdued’ performance saw revenues fall by 10 per cent in the 12 months to June 30 to $564m. Baccarat revenues fell by 24 per cent to $163 m at the Perth casino, which was recently redesigned to the tune of $650m…

Argentina – Work begins on large scale casino in Río Negro

Argentine operator Crown Casino has begun the construction of the Sol del Río project in the capital of the province of Río Negro Viedma. Work will be developed in stages while the traffic will be reduced around the area. After the public hearing was held in February, the Municipality demanded several changes to the area…