Nich Moore September 15, 2017 07:23:30
The illegality of gambling in China is well known, and their highly publicized crackdown on the numbers of junkets to the oasis that is Macau has underlined this as much as the high profile arrest and jailing of Jason O’Connor of Crown Resorts, but are the authorities simply papering over the cracks as numerous Chinese […]
Nich Moore November 24, 2016 09:59:07
The arrest of staff from Crown Resorts operating in China has set the cat amongst the pigeons but as the company looks to expand in Vegas and Sydney and face stiff competition from Bet365 and it’s ilk, do these arrests indicate more for the firm to wrestle with than just the unsubtle communication methods of […]
Nich Moore October 18, 2016 07:14:39
Crown Resorts, owned by Australian cartoon character James Packer, has been pushing its luck in China, riding the phantom steed of corporate supremacy cowering behind pedantic legality, but their luck finally ran out this week as its employees in the country were arrested and face lengthy sentences for promoting gambling in a country where it […]
Bianca O. March 1, 2016 15:14:24
Crown Resorts’s has had a turn for the worst in their joint venture casinos, owned by Melco Crown Entertainment- City of Dreams-Studio City and Altira- by dropping a whopping 89% to AUD $9.4 million. These weakened profits are a reflection of the ever growing state of the weakening gambling market of Macau which in affect […]
Petar July 9, 2015 05:21:27
The Australian gambling giant will lose around USD 31 million due to the Macau case in China. According to Deutsche Bank, the earnings of the Australian Crown Resort are estimated to fall for around 6% this year from USD 512.1 million to USD 481.2 million, reports gambling news. Although the gambling giant has noted considerable […]
Vera T. May 12, 2015 10:46:35
Due to allegations that Packer’s $2 billion casino resort plan in Barangaroo is legally awry, conflict sparks anew between Crown Resorts and Echo Entertainment. A new clash between rivals in gambling news: Crown Resorts and Echo Entertainment dispute over a Sydney casino license. Echo Entertainment recently learnt that James Packer’s plan to open a casino […]
Phyllis F. February 24, 2015 05:15:50
Ferrari thinks it’s time to run the F1, the most famous automobile sports event, back up to the rugged mountain top. When we think concept cars we are usually imagining something futuristic or a ‘blue-sky exercise’ that screams originality. Get this, the Ferrari Design Formula 1 Concept doesn’t fit into either category. This is Ferrari’s […]
Nich Moore January 15, 2015 08:10:22
The wind of change might have blown through the Sri Lankan political landscape but have they also blown any chance Packer had for a Casino out of the water? It is an old political adage that you need to get behind someone to stab them in the back, your political opponents not always as dangerous […]
Monica E. October 28, 2014 14:34:30
As the competition for Asian high-rollers is firing up, Genting is struggling to make it in the UK, US and Malaysia. Resorts World Genting is getting a tune-up. The company’s Integrated Tourism Plan is expected to boost the number of visitors at the Malaysian casino resort, but there is still a lot of work to […]
Crown is seeing weak profits this fiscal year, and according to Kerry Packer it’s due to players simply winning too much. At a recent Crown Resorts shareholders’ meeting chairman James Packer was candid about the company’s poor performance during the new fiscal year. It has nothing to do with ballooning costs or the lack of […]
Monica E. September 1, 2014 15:02:25
As far as new investments go, Sin City hasn’t seen much action over the past few years, but the SBE Group is here to change that with its SLS Las Vegas. In the good old days, Las Vegas used to be a hangout place for stars like Frank Sinatra or Dean Martin. But the Moroccan-themed […]
Alex Nevsky August 13, 2014 12:58:30
Queensland is planning to erect three large casino resorts in the state already giving out licenses. Australian state of Queensland is best known for the Great Barrier Reef, surfing paradise, and lots of sun throughout the year. However, the state government is now looking to make waves outside the ocean. There are growing plans to […]
Monica E. August 5, 2014 13:09:27
After blowing $250 million on a failed investment in Las Vegas, Crown Resorts boss James Packer wants a redo. Despite the spectacular failure five years ago, when his entire US casino development company filed for bankruptcy, Crown Resorts Limited chairman James Packer just won’t quit. Bloomberg has reported that the Australian businessman is in the […]
Alex Nevsky July 26, 2014 08:55:27
James Packer and his Crown Resorts casino giant pledged to give out $200 million over the next 10 years. You probably know all the major casino tycoons: Sheldon Adelson of Las Vegas Sands, who’s campaigning to ban online gambling in the USA; Stanley Ho, the most influential casino boss in Macau and all over Asia; […]
Monica E. July 9, 2014 18:56:19
In 5 years, Australia will be welcoming high-rollers to a brand new VIP casino at Barangaroo, an inner-city suburb of Sydney. James Packer’s company has officially been granted approval to open a new gambling venue in Australia. But only from November 2019. Six months ago, the Independent Liquor and Gaming Authority (ILGA) was calling for […]
Toni June 24, 2014 12:07:45
Queensland starts competition between gambling firms for casino license, making Echo and Crown among the favorites for the permit. Echo Entertainment and a Hong Kong investment firm have joined forces to form a strong partnership to beat James Packer’s Crown out of Brisbane’s second casino license offering. Echo, Chow Tai Fook Enterprises (CTF) and Far […]
Tom S. May 12, 2014 15:33:05
James Packer could get his Sri Lankan casino after all, as the government has announced there is no reason why existing licenses cannot be transferred to new operators. Previously, the government had commented on conflicting Sri Lankan gambling laws by saying there would be no new casino licenses handed out. That wasn’t enough for anti-casino […]
James Packer’s proposed project in Sri Lanka is drawing the ire of both the political opposition and many civil groups, including Buddhist monks. Australian casino magnate and Crown Resorts CEO James Packer has proposed three related projects in Sri Lanka totaling $1.3 billion in investment. The country currently has several small-scale casinos, but Packer’s developments […]
Tom S. April 22, 2014 16:46:56
Crown Resorts are all set to expand into the Las Vegas casino market as investors predict they will soon invest in the three year old casino and hotel complex The Cosmopolitan of Las Vegas, currently owned by Deutsche Bank. This latest investment comes on the back of a worldwide expansion plan from the Australian company, […]
Monica E. March 12, 2014 13:29:01
In an interview published in Forbes Magazine, James Packer claims he has lost a great deal of the family fortune on his Las Vegas casinos. According to recent gambling news, the Australian casino king admitted that he has “lost a bunch of money in America because of the financial crisis”. The damage is estimated at […]
Monica E. March 6, 2014 18:15:44
The Government of Queensland announced 19 bidders will be competing for the state’s three casino licenses. Casino developers are preparing to compete for the licenses made available under Australian gambling laws. Up to three new casino resorts are expected to be built in the state of Queensland, in the next few years. The state government […]
Tom S. January 22, 2014 13:14:16
Three new licenses to be awarded in Brisbane as part of a strategy to boost tourism. Australian government has announced it will issue three new casino licenses in the city of Brisbane. Eight yet-to-be-named parties have applied. The Echo Entertainment Group Ltd. and Crown Resorts Ltd. have both expressed interest. Officials in the state of […]
Tom S. January 14, 2014 12:33:30
Melbourne-based casino in James Packer’s Crown Resorts have asked the Victorian government for a 60-year license extension in return for a poker machine levy. On the grapevine in Australian gambling news, the Crown Resorts in Melbourne, one of Australia’s largest gaming and entertainment groups, has been rumored to ask the state government for an extension […]
Monica E. January 8, 2014 17:03:38
After a painful loss due to Australia’s new tax policy, Crown scores a deal which will prove profitable on the long run. The Independent Liquor and Gaming Authority of New South Wales (NSW) is conducting a mandatory investigation to see if Crown Resorts Ltd are fit to operate a casino under Australian gambling laws, after […]
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