Crown Resorts said its Crown Melbourne property will be allowed to reopen its hotel, food and beverage services from Friday, June 11, though the casino will remain shut.
The property has been closed for two weeks due to a government lockdown order after new Covid clusters.
The company said it will financially support the staff who remain stood down, which includes the majority of gaming operational staff, by paying an additional discretionary payment.
Australia-listed Crown Resorts on Tuesday said it has received an updated proposal from Oaktree Capital Management to buy out some of all of James Packer’s 37 percent stake in Crown.
The Victorian government has granted a request from the royal commission into Crown to allow additional time and funding to complete its inquiry into whether Crown Resorts is suitable to hold a license in Victoria.
Australia’s financial crime regulator AUSTRAC has launched formal investigations into a number of high-profile ASX-listed companies in Australia, three of which are casinos.
The royal commission’s inquiry into Crown’s responsible gambling practices continued on Wednesday, this time hearing that a VIP gambler at Crown Resorts was able to play for 34 hours straight in 2019 before being forced to take a break.
Crown Resorts said its flagship Melbourne property will be closed for another seven days until June 10 and that it's standing down most of its staff as a result.
Crown Resorts is under fire from the Victorian royal commission for its “continual inaction” in regards to responsible gambling despite having the “ability, money [and] technology” to improve.
The new highly contagious Indian covid-19 variant has been making its way to what has been seen as more insulated regions from the pandemic, making its way to Macau and Australia in recent days.
A former casino inspector from the WA gaming regulator has alleged that his name had been attached to a report without his knowledge, which ultimately was used to abolish regulation requirements of junket operators.
Peter Drucker was arguably the most influential management scientist who ever lived. In 1981-82, Drucker articulated his Six Rules of Mergers and Acquisitions. We shall look at each of these six rules and evaluate the proposed Crown-Star merger according to these rules.
Further damaging allegations about Crown Resorts' business practices are emerging from a Royal Commission inquiry in Victoria, which heard the company sat on recommendations to investigate money laundering for more than a year without acting.