Tag Archives: crown resorts
- Crown Resorts VIP pleads guilty to $125k chip theft
March 21, 2017
A high-rolling gambler has pled guilty to stealing $125k worth of casino chips from a Crown Resorts VIP room. Last December, Australian police filed charges against Gunawan Akay, a 38-year-old gold-class member at Crown Melbourne’s Maple Room for high-rollers. The casino operator's high-quality CCTV footage had fingered Akay as the...
- Aussie regulators size up Crown Resorts’ financial strength
March 20, 2017
Australian gambling regulators have placed casino operator Crown Resorts’ financial strength under the microscope as its license undergoes under a review. The scrutiny from gambling regulators comes three weeks after the Australian-listed firm began restructuring its business, including an aggressive cost-cutting program following a sharp decline in its VIP gambling...
- NSW Premier thumbs down pokies in Bangaroo Crown casino
March 7, 2017
The spectre of the October 2016 arrest of 15 Crown resorts staffers in China continues to haunt Australian casino mogul James Packer. New South Wales Premier Gladys Berejiklian has rejected the request of Crown Resorts to put poker machines inside Sydney Bangaroo Crown casino’s VIP rooms, according to ABC News...
- Crown Resorts: all systems go for 42.9M share buy-back
March 6, 2017
Australia-listed Crown Resorts Ltd has announced plans to buy-back 42.9 million of its ordinary shares worth US$378.8 million. The casino operator said in a regulatory filing on Monday that the share buy-back will take place “on or after March 20” after securing the required regulatory approvals for the program. UBS...
- Everything on the table as Crown Resorts restructuring begins
March 1, 2017
Australian casino operator Crown Resorts has begun an aggressive cost-cutting program following a sharp decline in its VIP gambling business. On Tuesday, Australian media reported that over 200 employees at the Crown Perth casino had been made redundant. A Crown spokesperson emphasized that “5,500 people continue to work at Crown...
- Crown’s VIP turnover tumbles 45% following China arrests
February 23, 2017
Australian casino operator Crown Resorts saw its VIP gambling turnover fall by nearly half in the first half of its fiscal year following the arrest in China of its VIP marketing team. Figures released Thursday show normalized revenue – which smooths out the occasionally wild variations in VIP win rate...