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Crown has tools to weather Covid-19: Fitch

Australian operator Crown Resorts is in a position to weather the storm created by the coronavirus crisis, due to its low debt and variable cost structure, according to Fitch Ratings.
Casino canberra

Aquis Entertainment stands down 90% of staff

Australia’s Aquis Entertainment said it was standing down 90 percent of its staff and executives are taking a pay cut after the closure of its Casino Canberra property as a result of the coronavirus.

Star stands down 90% of workforce

The Star Entertainment Group, forced by government Covid-19 directives to cease gaming, banquet, and F&B operations in Sydney, Gold Coast, and Brisbane, leaving only...

Australian casinos confirm closures

In line with government orders, the various casino operators of Australia confirmed the suspension of their operations on Monday. Crown Resorts CEO Ken Barton said,...

Construction work at SkyCity Adelaide to continue

SkyCity Entertainment Group is closing its Adelaide casino although said that construction work will continue. The company is also withdrawing its revised profit forecast issued...

Australia closes non-essential businesses, including clubs and casinos

As of midday Monday, all registered and licensed clubs, hotels, pubs, casinos will be closed as part of Australia’s battle to fight the spread...

Aristocrat may have acquisition opportunities: JPM

Aristocrat Entertainment is likely to emerge from the current crisis with a larger land-based footprint in the medium-term and may be well placed to expand through acquisitions of weaker rivals, JP Morgan said in a note.

Covid-19 forces postponement of Crown/Melco inquiry

A public hearing into probity and licensing issues related to Crown Resorts and Melco Resorts & Entertainment has been postponed due to the Covid-19 outbreak, local media reports.

Australia casinos expected to join global closures this week: JPM

Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.

Crown implements social distancing, deactivates units

Australia’s Crown Resorts said it was implementing social distancing measures at its Crown Melbourne property, deactivating every second gaming machine and electronic table game.

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