Thursday, January 28, 2021
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Crown Resorts

Crown on Fitch downgrade watch on regulatory rap risk

A “heightened risk of severe regulatory action” has prompted Fitch Ratings to put Crown Resorts on credit watch negative for a potential ratings downgrade.
Imperial Pacific

Casino operators fall short of royal titles

At least two operators in the Asia Pacific region this week have to be thinking thank goodness it’s Friday. The ongoing sagas at both Imperial Pacific and Crown Resorts only got more tawdry, doing little to improve the brand image of the region’s gambling industry.

Crown seeks “working test” for Barangaroo casino

Crown Resorts' lawyers told a regulatory inquiry in Sydney that the best way for the company to prove its fit to hold a license is to open its Barangaroo property under strict supervision as a working test. The New South Wales Independent Liquor and Gaming Authority effectively barred Crown from opening the casino in December as planned, until the results of the probe are presented in February.
Crown Resorts heads toward contentious AGM

Crown delays Sydney debut after money laundering admission

Crown Resorts will not be opening its A$2.2 billion Sydney casino in December and will need to wait until February before it hears whether it will retain its license, which was thrown into further doubt after a last-minute admission of money laundering.

Crown cuts ties with junket operators after board review

Crown Resorts, seeking to save its Sydney license, said it will permanently cut ties with junket operators and will only resume business with them if the firm is licensed, or approved, by gaming regulators in the states in which it operates.

Crown says honest mistakes shouldn’t stop casino license

Giving its side of the story in a trial into its suitability to run a casino in Sydney, counsel for Crown Resorts said its "honest" mistakes with regards to China didn't mean it was unsuitable to hold a casino license. 

NSW inquiry commissioner says Crown behavior “inexplicable”

Patricia Bergin, the presiding commissioner over an inquiry into Crown Resorts suitability to hold a Sydney license, has said the company's behaviour was inexplicable, unbelievable and absurd.
Crown Barangaroo

Regulator to meet before Crown defense has its say

The New South Wales regulator will hold a meeting next week to discuss whether Crown Resorts can open its new Sydney casino in December as planned, raising concern as the company will not have concluded its defence.

NSW regulator to meet on November 18 on Crown opening

New South Wales' Independent Liquor and Gaming Authority has scheduled a meeting for 18 November to decide whether Crown Resorts can proceed with a planned opening of its resort in Sydney in December.

Inquiry recommends Packer ban from being involved in Crown

The New South Wales government should consider banning James Packer from being involved with Crown Resorts' new Sydney casino after revelations he sent a threatening email to a businessman, a suitability hearing heard. 
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.