Crown Resorts’ casino in Perth has been forced to close due to a three-day Covid lockdown beginning from Friday 23, April.
The company says all banqueting and food and beverage will also close, although takeout services are available. The hotel is operating at a limited capacity.
The lockdown involves the Perth Metropolitan area in Western Australia.
Crown Resorts said New South Wales regulators have granted the company a further extension of its liquor license at its Sydney property until the end of October.
Crown Resorts has received the maximum fine possible under the Casino Control Act for its lax control over junket operations at its flagship Crown Melbourne property.
Crown Resorts said the casino at its Crown Perth property will remain closed until at least Saturday due to an outbreak of Covid in Western Australia.
Whilst Packer’s involvement in Crown was center stage in the NSW inquiry, he has not (yet) been called forward by Commissioner Neville Owen to stand before the commission.
Crown Resorts said a group of funds advised by Oaktree Capital Management has agreed to provide up to $3 billion in funding for the company to buy back shares held by James Packer's Consolidated Press Holdings.
Crown Resorts' largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the company or have discussions that are not in a public forum.
U.S. private equity firm Blackstone has provided more details on its bid for Australian operator Crown Resorts, saying it expects to clear the country’s notoriously tough probity checks by the third quarter of this year.
Australia-listed Crown Resorts has announced the appointment of a new executive director, Bruce Carter, to the Crown board, subject to regulatory approvals.
Australian billionaire James Packer has made a small but potentially significant move in the takeover play for Crown Resorts saying he is open to offers for his 37 percent stake in the operator.
Crown Resorts said former Skycity Entertainment CEO Nigel Morrison has received all the necessary regulatory approvals to join the board as a director.