Crown Resorts is unlikely to have its casino license in Victoria revoked, despite a bombshell recommendation from Victorian Royal Commission counsel Adrian Finanzio to strip the casino of its license last week, according to industry experts.
Embattled casino operator Crown Resorts will need to do a lot more than just change its people if it wants to achieve true reform and be seen as a suitable holder of a casino license, says gaming veteran David Green.
Silver Heritage Group has been removed from the official list of the Australian Securities Exchange, effective from close of trading on Friday.
Crown Resort has reportedly hired a powerful government lobbyist, former senator Stephen Conroy, as a consultant to deal with the fallout from the findings of the Victorian Royal Commission.
The Star Entertainment Group has retracted its proposal to merge with rival operator Crown Resorts, citing uncertainty in Crown being able to retain its Melbourne casino license.