Crown Resorts said former Skycity Entertainment CEO Nigel Morrison has received all the necessary regulatory approvals to join the board as a director.
New South Wales chief gaming regulator Philip Crawford said the reinstatement of Crown Resorts’ license in New South Wales is a “realistic prospect”, provided the company has its “structures in place.”
Tabcorp says it’s taking time to carry out a strategic review of its businesses to extract more value for shareholders after receiving unsolicited bids for its wagering and media business, which it says were too low.
Tabcorp Holdings said it views the unsolicited approaches for its wagering and media business are too low. The proposals, including an offer from the U.K.'s Entain, were for $3 billion.
The report to the New South Wales Independent Liquor and Gaming Authority of the Bergin Inquiry into the suitability of Crown Resorts and its in-scope associates, in connection with its Barangaroo casino licence, has energised the discourse regarding the regulation of gaming in Australia.
Avril Baynes, a resident of Australia’s Northern Territory for three decades, was appointed general manager of the Mindil Beach Casino & Resort in Darwin in November 2020 with a mandate to lead the facility through and beyond the era of the Covid pandemic.
Outside of the global pandemic, the trade war between Australia and China is casting another dark shadow over Australia’s already-strained VIP gaming industry, prompting operators to start looking elsewhere for recovery.
The Australian media has highlighted the possibility that Blackstone’s bid for Crown Resorts could lead to the possibility of the gambling empire being broken up and sold in its constituent parts.