Crown Resorts

Crown Resorts has told Blackstone to improve its offer if the private equity group is to take control of the casino operator.

Crown Resorts leaders are not pinning their hopes on a Blackstone takeover and have spruiked the potential of the Sydney casino to encourage higher offers.

US-based private equity group Blackstone has increased its bid for Crown Resorts for a fourth time and on this occasion the casino operator has signalled it will likely support the takeover.

Crown Perth boss Lonnie Bossi has stepped down after almost three decades with the embattled casino business, just months after fronting the royal commission.

James Packer’s lawyers claim his reign as an influential figure at Crown is over, as the Perth Casino Royal Commission prepares to deliver its findings.

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

Crown Resorts has reported a 23 per cent fall in activity at Burswood since the state government imposed proof of vaccination as a condition of entry.

The nation’s financial intelligence agency is set to take Crown Perth to the Federal Court over claims it breached anti-money laundering and counter-terrorism financing laws.

Australia’s top corporate regulator said today there was not a strong basis to take legal action against the directors of Crown Resorts, despite the revelations in three major inquiries.

The Crown royal commission has just been completed but another ‘closed doors’ inquiry will be pivotal in determining the company’s future.

The inquiry into Crown Perth's casino operations has found the gambling business unfit to hold a licence.

Despite the damning findings handed down by the Perth Casino Royal Commission, Crown will be allowed to continue trading under the watchful eye of a new independent monitor.

ANALYSIS: The royal commission had very few surprises, other than its failure to draw clear conclusions on some of the key issues or the top people who ran the casino.

Approval from the Foreign Investment Review Board means Rio can finalise its $825 million Rincon project buy, while Crown moves ahead with a proposed $8.9 billion Blackstone deal.

After having two goes at providing evidence in the McGowan versus Palmer defamation case, John Quigley has some clearing up to do closer to home.

Business leader John Poynton has detailed the challenging year he has endured, dissecting his role at Crown and the retention of Nev Power on the Strike Energy board.

Blackstone’s $8.9 billion proposal to buy Crown Resorts has won over shareholders, but the deal still hinges on gaming regulatory approval from Victoria, NSW and Western Australia.

Crown has been handed an $80 million fine by the Victorian gambling watchdog and warned there could be more to come as the fallout from the Royal Commission continues.

UPDATED: WA’s casino watchdog has completed its probity review of Crown Resorts’ bidder Blackstone Group and handed the results to the minister for a final decision.

US private equity giant Blackstone Group is set to proceed with its takeover of Crown Resorts after gaining the final key approval from the WA government, which shied away from a major overhaul of the casino's governance.

The Federal Court has cleared the way for private equity giant Blackstone Group to take over the troubled Crown Resorts business, the last major hurdle for the $8.9 billion acquisition to go ahead.

The state government has introduced new laws to bolster the gambling watchdog’s powers and lift the maximum penalty for non-compliance to $100 million.

Blackstone has detailed two development opportunities at Burswood, confirmed John Van Der Wielen as its local chair and conceded governance of its casinos is a work in progress.

Crown Resorts boss Steve McCann has stepped down after just over a year in the top job, as John Van Der Wielen is sworn in as casino licensee Burswood Limited’s new chair.

Crown says its Sydney casino at Barangaroo will open to the public in two weeks "with the highest levels of governance and compliance".

Crown Resorts new group chief executive has publicly questioned the honesty of Wayne Carey amid the white powder scandal engulfing the former AFL star.

An independent monitor has been appointed to oversee the operation of the Perth casino as the Crown Group works to establish its suitability to hold a casino licence.

Australia’s corporate regulator has launched legal proceedings against 11 directors and officers of The Star Entertainment Group and again defended not taking similar action against Crown Resorts.

Regulation of Crown’s Perth operations will be overhauled in line with the Royal Commission’s suggestions, but the government has declined to act on several of the inquiry’s proposed reforms.

Jordan Murray speaks with senior journalist Matt Mckenzie about why perspective is needed when discussing the issues facing WA's health system.

Jordan Murray and Simone Grogan discuss Silicon Valley Bank, AUKUS, AOG Energy, Crown Resorts and BHP.

Crown Resorts could be in for a $450 million fine as part of an agreed penalty for anti-money laundering and counter-terrorism financing breaches across its Perth and Melbourne operations.

Crown Perth chair John Van Der Wielen has spoken bluntly about the ‘appalling’ failures of the besieged casino, but has avowed the Blackstone-owned organisation can and will be turned around.

Crown Perth employees have received back pay up to $55,000 to correct the resort and casino operator's underpayment of more than $1 million to staff in WA and Melbourne over a six-year period.

A federal court judge has determined Crown Resorts is to pay the $450 million penalty put forward by AUSTRAC and the casino operator for its raft of breaches of Australia’s anti-money laundering laws.

Crown Perth will undergo a global search for a new chief executive after David Tsai was appointed in a national role with the resort and entertainment group.

Crown Resorts chief executive Ciarán Carruthers will depart the company, with former Crown Perth chief executive David Tsai to step into the role from September.

David Tsai has been permanently appointed to the top job at Crown Resorts after serving as acting chief executive since September.