Crown Resorts
Crown’s $8.9b takeover clears penultimate hurdle
A Barangaroo casino licence is the only remaining hurdle to Blackstone’s $8.9 billion takeover of Crown Resorts, and a multibillion dollar exit for James Packer.
- by Colin Kruger
Latest
NSW, Victoria gambling regulators greenlight Blackstone’s Crown acquisition
Crown’s buyer Blackstone has received the tick from regulators in NSW and Victoria.
- by Angus Dalton
Crown advertises for gaming staff as it prepares for conditional licence at Barangaroo
Crown Resorts has started advertising for gaming staff in preparation for being handed a conditional licence.
- by Alexandra Smith and Colin Kruger
Crown hit with $80m fine over ‘clandestine, deliberate’ bank card scam
Crown Resorts has been hit with a record $80 million fine over its illegal practice of accepting Chinese bank cards at its Melbourne casino to fund gambling and disguising the transactions as hotel expenses.
- by Patrick Hatch
Star chairman defends email sent in ‘heat of battle’ over public inquiry
John O’Neill said the casino inquiry had triggered a personal “‘road to Damascus’ moment,” while sharing regret over an email insisting hearings behind closed doors.
- by Lucy Cormack
Updated
Casinos
Crown shareholders back $9b Blackstone offer
Crown Resorts shareholders have voted to accept an $8.9 billion takeover offer from private equity group Blackstone, which will end almost three years of chaos at the James Packer-backed casino giant.
- by Patrick Hatch
Exclusive
iProsperity scandal
Prominent Sydney corporate lawyer set to be grilled by Ponzi scheme investigators
Top lawyer John Landerer has described allegations by liquidators of collapsed property group iProsperity that he was a shadow director as “all bullshit”.
- by Nick McKenzie and Sarah Danckert
‘Fear of Packer’ pushed Star to go rogue, says director
A Star Entertainment Group director says fear of competition from James Packer’s new Sydney casino was a key reason the company embraced rogue behaviour that left it open to money laundering and criminal infiltration.
- by Patrick Hatch
Crown takeover vote delayed as Blackstone waits for approval
Private equity giant Blackstone is yet to convince Australian gambling regulators that it is fit to take control of James Packer’s Crown Resorts
- by Patrick Hatch
Opinion
Casinos
From Christian Porter to Crown, new casino watchdog boss is prepared to ruffle feathers
Former MinterEllison boss Annette Kimmitt has only been in her new job for two weeks but she is already making her mark on Crown Resorts.
- by Elizabeth Knight
Crown faces fine of up to $100m over bank card scam
Crown Resorts faces a fine of up to $100 million over its illegal practice of accepting Chinese bank cards to withdraw funds for gambling at its Melbourne casino.
- by Patrick Hatch