Sunday, May 29, 2022

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WA commission’s Crown findings to spark regulatory shake-up

The Royal Commission in Western Australia into Crown Resorts is likely to lead to significant regulatory changes in the state, with the inquiry finding the overseeing authorities had fallen short, write Jamie Nettleton and Brodie Campbell, a partner and solicitor in law firm Addisons. 

Time to end Australia’s casino monopolies?

Revelations from an inquiry into Star Entertainment are an “unmitigated disaster” for good corporate governance in Australia and it may be time to consider breaking up casino monopolies, says Ben Lee, managing partner of IGamiX Management & Consulting. 

Shakeup to trigger Australia consolidation

The introduction of deeper layers of regulation will result in a number of gambling operators ceasing to conduct business or merging operations in 2022, says legal expert Jamie Nettleton, a partner with Addisons. Regardless of the many trials, Australia is to remain an attractive market for local and international operators.

Your Daily Asia Gaming eBrief: Entain prepares for Australia’s regulatory change

As Australia’s gambling authorities ponder how to shake up the country’s regulatory framework, Carly Richardson, general counsel of U.K.-listed Entain, outlines some of the biggest challenges facing companies in meeting their commitments in this area.

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."

Crown case to change face of Australia casino regulation

Crown Resorts will hear in the next two weeks whether it will be allowed to keep its Melbourne casino license following a series of inquiries that will change the face of regulation in Australia.  

Independent Casino Commission proposed for Australia’s NSW

The New South Wales government is looking into the creation of an Independent Casino Commission, following the results of an independent inquiry into Crown Resorts.

Royal Commission hears of Crown inaction on money laundering

Further damaging allegations about Crown Resorts' business practices are emerging from a Royal Commission inquiry in Victoria, which heard the company sat on recommendations to investigate money laundering for more than a year without acting.

Victorian Royal Commission on Crown to examine 2016 arrests

The Victorian Royal Commission into Crown Resorts is set to launch next Monday, opening with an examination into the arrests of Crown staff in China in 2016. 

Effectiveness of Western Australia gaming regulators under review

The terms of reference issued to the Royal Commission in relation to the Crown Resorts affair make it clear that the effectiveness of the Australian state’s Gaming and Wagering Commission is also under review.