Tag Archives: James Packer
- 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...
- Melco Crown preps rebirth as Melco Resorts & Entertainment
March 17, 2017
Casino operator Melco Crown Entertainment (MCE) has confirmed plans to rebrand its operations to reflect its post-Crown identity. MCE is scheduled to hold its annual general meeting of shareholders at its City of Dreams property in Macau on March 29. One of the proposals on which shareholders will be asked...
- 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...
- Class suit readied vs. Crown Resorts over China arrests
February 3, 2017
Investors are giving Australian billionaire James Packer a rude welcome for his return to the Crown Resorts board. The Sydney Morning Herald reported that Crown Resorts shareholders are preparing to file a class suit against the casino operator in connection with the arrest of its staff in China in November....
- Crown Resorts gets new chair, sings welcome back Packer
January 10, 2017
Australian casino operator Crown Resorts has bid goodbye to its chairman while welcoming James Packer back to its board of directors. On Tuesday, Crown announced that Robert Rankin was stepping down from his position as chairman of Crown’s board effective February 1. Rankin will remain a director of Crown and...