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Tag Archives: Crown

Australia – Crown teams with Wymac to develop skill-based games

Australian operator Crown Resorts is developing its own skill-based gambling games to bring new life to its digital offerings; CrownBet, Betfair Australasia and its DGN Games social gaming division. The games are coming from Chill Gaming, a joint venture Crown has formed with New Gaming Pty, owned by Wymac Gaming Solutions. That venture is working…

Australia – Genting offloads five per cent of Star Entertainment

The Australian media has reported that Perpetual Investment Management has increased its shareholding in the Star Entertainment Group buying some of the 5.62 per shares that Malaysian casino operator Genting Group has sold at AU$5.07 per share. Sources suggested Crown or related entities may have bought some of the shares on offer Genting is believed…

China – Lawrence Ho criticises Crown’s approach to player acquisition

Melco Resorts CEO Lawrence Ho has criticised former Macau partner Crown Resorts for not being ‘discrete’ in its marketing to VIP customers in mainland China. Crown’s stance led to the arrest of 18 members of staff in China and sent shockwaves through the industry in Asia. Taking to the Financial Times, Mr Ho said Crown…

Australia – Former Crown Chairman reduces share in company by five per cent

Crown Resorts’ Former Chairman James Packer has offloaded A$448m shares in the Australian casino group, lessening his ownership from 53 to 48 per cent. The sale comes via Mr Packer’s privately owned company, Consolidated Press Holdings, and relates to about 4.8 per cent of Crown, which has been snapped by third party investors. Consolidated Press…

Australia – Staff at Crown Melbourne to protest graveyard pay

Workers at Crown Melbourne, the state of Victoria’s single biggest employer, have voted to reject a wage offer for late-night and ‘graveyard’ shifts at weekends. Representatives of the venue’s 5,500 staff at Crown Melbourne have refused an increase of 2.75 per cent, and are now planning to demonstrate as they hold out for an increase…

Australia –Crown announces plan to split away international business

Crown Resorts has announced a plan to split its international business into a new listed entity with the intention of launching an IPO of several of its Australian resorts. Crown’s share in Macau operator Melco Crown will be placed into the new international holding company, along with its Las Vegas investment in Alon, it’s 50…

Spain – Crown to speak about cashless gaming at Euromat Summit

At the Euromat Gaming Summit on May 26 2016 in Barcelona, Crown Technologies GmbH will look into the question if and how cashless payment will influence slot machine gaming in the future. Crown Managing Director Heiko Busse was asked to contribute his expertise in a panel about coin-op and cash versus electronic payment. In this…

China – Packer steps down as Melco Crown’s co-Chairman

Melco Crown Entertainment’s James Packer has relinquished his role as co-chairman with Crown Resorts selling part of its stake to Macau partner Melco International for $US800m. The deal sees Crown’s share in Melco Crown reduced to 27.4 per cent from 34.3 per cent. Mr Packer will take up a new position as deputy chair of…

Australia – Victoria investor ‘floats’ idea for rival to Crown’s Melbourne casino

The Victorian state government is listening to plans from casino developer John Haddad who wants to develop a A$1bn casino, the second within the state, on the Geelong waterfront. Current legislation restricts casino gambling to one property; Crown Resorts in Melbourne, who has recently had its gaming licence extended from 2033 to 2050 with the…