Donaco International said it has secured an approval from its lender Mega Bank on the settlement of all legal cases related to the Thai vendors of its Star Vegas property in Cambodia. It says it is on track to repay all outstanding debt in 2021.
Crown has enjoyed a monopoly in both Victoria and Western Australia, which owes more to politics and history than it does to competence and good practice governance.
It is not just COVID-19 and its effects for which 2020 will be remembered by the Australian gambling sector. The event likely to have the most long-lasting impact is the NSW Casino Inquiry.
This is the last Thank Goodness it’s Friday for 2020 and a suitable time for reflection and a look ahead at what we might expect for 2021. While it’s likely a year that most would like to forget, there have been positives. One is the speed and agility with which the industry has moved to adapt to change.
Crown Resorts is facing more regulatory scrutiny after the Victorian Gaming Minister said she was fast-tracking the regular review of its suitability to hold a casino license and appointing a special commissioner to oversee the process.
Crown Resorts said the New South Wales Independent Liquor and Gaming Authority has granted a temporary liquor license to its Crown Sydney property until April 30, 2021 and therefore several non-gaming amenities will open from 28th December.
Silver Heritage shareholders have passed three key resolutions at a special shareholder meeting, including the issue of new shares to Hatch Asia and secured creditors.
A former Crown Resorts employee who exposed the company's conduct in China and helped spark a powerful inquiry in New South Wales says she is ready to take her fight against the gambling empire to the Supreme Court.
New Zealand Prime Minister Jacinda Ardern said that her Cabinet has agreed in principle to allow travel with Australia without quarantine in the first quarter of 2021.