Crown Resorts boss claims “zero tolerance” to criminal elements, attacks “sensationalist” media reporting
The Executive Chairman of Crown Resorts, John Alexander, has lashed what he describes as “sensationalist” news reports claiming links between Crown and Asian criminal syndicates while defending the company’s “zero tolerance” policy towards criminal elements. His comments, which formed part...
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VIP woes see Crown Resorts revenue, profit fall in FY19
Crown Resorts reported a 5.4% year-on-year fall in normalized revenue to AU$2.95 billion at its Australian properties for the 12 months ended 30 June 2019, the decline due primarily to a slowdown in VIP. Despite main gaming floor revenue enjoying...
Alvin Chau fights back: initiates legal action against Australian media outlet The Age for “false reporting,” seeks full retraction and claims “significant monetary damages”
In the latest of a series of controversial media reports and tit-for-tat industry responses, Alvin Chau, CEO and Director of Macau-based VIP gaming promoter Suncity Group, has initiated legal action against Australian media outlet The Age for defamation and what his...
Crown Sydney to retain valuable sight lines after settlement with Infrastructure NSW
Crown Resorts has received a rare piece of good news after reaching a settlement with Infrastructure NSW (INSW) over the retention of sight lines at its under-construction AU$2.2 billion Crown Sydney. The government department had sought to appeal a judgement...
Suncity Group cites “high costs” and “lack of demand” as Australian VIP Clubs closed
Leading Asian junket operator Suncity Group has confirmed it will shut down its Australian fixed VIP clubs at Crown Melbourne and The Star Sydney. The Age newspaper reported on Friday that Star Entertainment Group had reached an agreement with Suncity...
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Domestic growth pushes Star Entertainment Group forward despite reduced spend by International VIPs
Australia’s Star Entertainment Group has booked a 3.4% year-on-year increase in net revenue to AU$2.16 billion in the year ended 30 June 2019, with strong domestic growth helping overcome a downturn in spend by International VIP visitors. Gross domestic gaming...
Australasian Gaming Expo sets new attendance record with 9,009 visits in 2019
The Australasian Gaming Expo, which wrapped up in Sydney on Thursday, attracted a record 9,009 total visits to the event this year, representing a 4% increase on 2018 numbers. Held at the spectacular new International Convention Centre in the heart...
Donaco completes board renewal process with appointment Aruze’s Yugo Kinoshita
Donaco International Limited has added a third new board member in as many days with the appointment of Yugo Kinoshita, the Global Chief Executive Officer of Aruze Gaming America, Inc, as an independent non-executive Director of the Company. The latest...
