Sunday, May 29, 2022

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Crown Resorts credit ratings reaffirmed after Royal Commission report

International credit ratings agencies have reaffirmed Crown Resorts' investment grade rating after a Royal Commission report in Melbourne said the company could keep its license even though it's behaviour had been "disgraceful."

James Packer gives evidence at Perth royal commission

Crown Resorts shareholder James Packer appeared via videolink on early Friday morning to give evidence at the Perth royal commission into Crown Resorts. 

Crown royal commission outcome a good sign for Star

The outcome of the Victorian royal commission into Crown Resorts bodes well for the Star Entertainment Group, whose misconduct is arguably seen not “as bad” as its Melbourne rival, J.P Morgan Australian analysts say.

Royal Commissions likely inbound for Star: J.P. Morgan

Analysts at J.P. Morgan Australia are expecting royal commissions to be announced which will look into Star Entertainment’s recent conduct in relation to anti-money laundering, but says a ban on operating in Australia is not likely on the cards for The Star. 

Your Daily Asia Gaming eBrief: Operational changes to come from Crown royal commissions

Julian Hoskins, Principal at Senet, and former general counsel at Tabcorp, has listed five practical and operational changes to the Australian gaming industry as a result of the recent royal commissions into Crown Resorts. Our Face-to-Face interview sheds light on what those will be.
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Operational changes to come from Crown royal commissions

Julian Hoskins, Principal at Senet, and former general counsel at Tabcorp, says he expects five main operational changes to the Australian gaming industry as a result of the recent royal commissions into Crown Resorts. 

Crown deliberately disguised bank account name, WA royal commission heard

Crown Perth’s adoption of “Riverbank Investments” as its bank account name was done deliberately to allow Chinese high rollers to mask their transactions.

Royal Commission hears from Crown’s victims of gambling addiction

Victoria’s Royal Commission into Crown Resorts has heard from victims of gambling addiction that had played at its Crown Melbourne casino. 

Victorian royal commission into Crown extended to October

The Victorian government has granted a request from the royal commission into Crown to allow additional time and funding to complete its inquiry into whether Crown Resorts is suitable to hold a license in Victoria. 

Gambler was able to play for 34 hours straight: Crown royal commission

The royal commission’s inquiry into Crown’s responsible gambling practices continued on Wednesday, this time hearing that a VIP gambler at Crown Resorts was able to play for 34 hours straight in 2019 before being forced to take a break.