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The Latest Breaking News from Crown Resorts

Electronic gaming machines taken offline in weeks leading up to Blackstone takeover of Crown Resorts

Western Australia's casino regulator will inspect the machines after they were tested for "technical issues", before they can can go online again.

ABC News

WA government beefs up casino penalties

The operator of the Perth casino will face tougher penalties for failing to comply with regulations as it undergoes a remediation process.

AAP

Crown Resorts granted approval to operate Sydney casino

The NSW Independent Liquor and Gaming Authority gives Crown Resorts the green light to open the gaming floors in its Barangaroo skyscraper, 15 months after it deemed the company unfit to operate a casino.

ABC News

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Court approves $8.9b Crown takeover

The federal court has approved Blackstone's $8.9 billion takeover of Crown Resorts, with James Packer to receive more than $3b from the deal.

AAP

Federal Court rubberstamps Blackstone takeover of Crown, James Packer to get $3.36b payday

Billionaire businessman James Packer is set to exit Crown Resorts, with the Federal Court approving Blackstone's takeover of the troubled casino operator.

ABC News

WA regulators back Blackstone's Crown bid

Western Australia's gaming regulators have signed off on the $8.9 billion takeover of Crown Resorts by US private equity giant Blackstone.

AAP

Blackstone closes in on Crown Resorts as WA government approves takeover of Perth casino

Blackstone is likely to become the new owner of Perth's casino as the WA government approves the US firm's acquisition of Crown Resorts, but Federal Court approval is still required before the takeover can proceed.

ABC News

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Crown Perth clean-up remains unclear after royal commission report as Blackstone takeover looms

As corporate equity giant Blackstone moves a step closer to its takeover of Crown Resorts, the WA government is keeping its cards close to its chest about how it plans to address money laundering, criminal infiltration and problem gambling at the Perth casino.

ABC News

NSW gaming regulator finds Blackstone 'suitable' to hold licence for Sydney casino

Corporate equity giant Blackstone is a step closer to its takeover of Crown Resorts after gaming regulators in NSW and Victoria rule it is "suitable" to hold a casino licence.

ABC News

Crown could secure licence to open Barangaroo casino despite being found unfit by gaming regulator last year

Crown Resorts is on the verge of securing a licence to finally open its Sydney casino 15 months after being deemed "unfit" by the NSW gaming regulator.

ABC News

Crown shareholders back Blackstone's $8.9 billion buyout

Crown Resorts shareholders have approved its $8.9 billion takeover by a US private equity firm.

AAP

A generation of children increasingly think gambling is inextricably linked with the AFL

Codes say without betting sponsorships we cannot have top-tier play but there is nothing inevitable about having gambling so intertwined with sports

The Guardian - AU

Regulator launches disciplinary action against Crown Resorts after royal commission findings

Move by the Victorian Gambling and Casino Control Commission is first under new laws under which it can levy fines of up to $100m

The Guardian - AU

Crown casino facing up to $100m in fines as Victoria's new watchdog launches proceedings

Melbourne's Crown casino faces fines of up to $100 million for a scheme which allowed the illegal transfer of funds from China, Victoria's new gambling watchdog says.

ABC News

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AAP

'Spirit' of law mystery to Star manager

A senior manager at Star Entertainment Group says he had no obligation to act within the spirit of the law in line with a casino code of conduct.

ABC News

Crown Perth royal commission finds casino giant unsuitable to hold WA's only gaming licence

The Perth Casino Royal Commission finds Crown Resorts is unsuitable to hold a gaming licence in Western Australia, but stops short of recommending the company lose its permit.

The Guardian - AU

Austrac takes legal action against Crown Resorts, alleging breach of finance laws

Casino company accused of oversight failures leading to 547 breaches of anti-money laundering and counter-terrorism laws

Crikey

One of the country’s most sensitive companies is being taken over by foreign equity. Yet no one cares?

The huge — and ruthless — global firm is poised to swallow up Crown Resorts, but should state governments allow the buyout to go ahead?

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The Conversation

Crown Resorts has sunk so low that private equity is the best option

Private equity companies generally have a reputation for buying “distressed assets” at bargain prices, squeezing as much cash out of them while making them look as profitable as possible, then selling out for a huge profit.

The New Daily

Crown could escape scrutiny with Blackstone takeover

US private equity group Blackstone looks set to buy the troubled Crown Resorts after Crown accepted an $8.9 billion bid from the $2 trillion giant.

AAP

Crown seals takeover deal with Blackstone

Global private equity group Blackstone has won the battle to take over Crown Resorts for almost $9 billion, barring no better offer emerging.

Crikey

Think Crown’s bad? Well, Victoria, WA and NSW can stop Blackstone making it worse

Each of the three state governments should buy a 10% stake in the casino giant, potentially putting paid to the ruthless practices of the past.

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