SkyCity’s announcement to shareholders about an employee’s interrogation by Chinese gambling authorities made little difference to the NZ casino operator’s share price, Crown Resorts has told a court in expert evidence ahead of a looming class action trial.
Crown Resorts chair Helen Coonan and the CEO of Crown Melbourne will step down at the end of this month, the latest heads to roll as the casino operator attempts to persuade Royal Commissioner Ray Finkelstein QC that it should keep its Victorian licence.
Victoria’s Workcover has sued Crown and its major shareholder James Packer to recoup the compensation insurance it paid to a security guard who was allegedly assaulted by Packer on New Year’s Eve 2015.
Crown Resorts admitted Monday that it broke a state law at its Melbourne casino over a five-year period and revealed the financial crimes regulator has expanded its money laundering investigation to include the company’s Perth casino.
Crown’s former legal boss threatened to call the federal gaming minister after Victoria’s gaming watchdog pushed the company to implement stronger anti-money laundering controls on junket players, the royal commission into Crown Melbourne has heard.
A “belligerent” Crown Melbourne lied to investigators probing the arrests of 19 of its China-based staff, and the casino operator could face charges of contempt for failing to respond to demands for documents by the gaming watchdog, an inquiry has been told.
Crown Resorts has struck a deal with the NSW Independent Liquor and Gaming Authority to make all gaming in its casinos cashless to combat money laundering, with the regulator saying its Barangaroo casino in Sydney may open its doors by the end of this year.
A shareholder class action against Crown Resorts can access transcripts of interviews conducted by the Victorian gaming regulator with former top brass and two Crown employees who were arrested in China in 2016 as part of a crackdown on gambling
The Victorian gaming regulator has hit Crown Melbourne with the maximum fine of $1 million for failing to comply with regulations for vetting junket operations.
Victoria’s gaming regulator may seek to block access by a shareholder class action against Crown Resorts to transcripts of interviews with Crown employees about a Chinese gambling crackdown that resulted in the jailing of 19 employees in 2016.