The Blackstone Group reveals key modifications to Crown acquisition proposal
American multinational private equity and hedge fund giant The Blackstone Group has outlined a series of modifications to the conditions surrounding its AU$8 billion proposal to acquire Australia’s Crown Resorts, demanding greater clarity around the regulatory approval process. The modifications...
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New Zealand’s SkyCity Entertainment Group to cease working with junkets
New Zealand’s SkyCity Entertainment Group will permanently cease all dealings with junket operators and bring its international VIP operations in-house. The decision to ban junkets, effective immediately, follows the conclusion of a strategic review into the company’s International Business division....
Western Australia Royal Commission into Crown Resorts starts today
A Royal Commission into the conduct and suitability of Crown Resorts will get underway in Western Australia today, the second such Royal Commission now taking pace following the launch of a similar inquiry in Victoria last month. As previously reported...
Former SkyCity director Bruce Carter jumps ship to Crown
Crown Resorts has named former SkyCity Entertainment Group Deputy Chair Bruce Carter as the latest addition to its new-look Board of Directors. The appointment of Carter, pending regulatory approval, comes just three weeks after he stepped down from his 11-year...
Australia and New Zealand to launch travel bubble from 19 April
Australia and New Zealand are set to launch Asia-Pacific’s first official travel bubble since the start of the COVID-19 pandemic with New Zealand Prime Minister Jacinda Ardern announcing plans to open the borders from Monday 19 April. The culmination of...
Former SkyCity, Galaxy executive Nigel Morrison granted regulatory approval to join Crown Resorts board
Crown Resorts has confirmed the addition of former SkyCity Entertainment Group CEO Nigel Morrison to its Board of Directors – the first new appointment since the damning Bergin Report was handed down in February. According to a Tuesday announcement, Morrison...
Star Entertainment Group granted leave to rekindle pursuit of US$33 million gambling debt from Singapore businessman
Australia’s Star Entertainment Group has been granted leave by the Queensland Supreme Court to pursue an AU$43 million (US$33 million) damages claim against a Singaporean businessman who has refused to repay his gambling debts. The Supreme Court decision, which relates...
Crown of thorns
Already deemed unsuitable to hold a casino license in New South Wales, there are still many chapters to be written in the Crown Resorts story with two more Royal Commissions and a comprehensive internal makeover now underway. More than 14...
