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1611 results for "australia"
Suncity Group Gasping for Air, Promises Major Financial Cuts
Suncity Group, the junket operator that began to fall apart after Macau authorities arrested former CEO Alvin Chau, thought it might rebound. Now, however, it is realizing the full extent of its...
Cambodia’s Star Vegas Casino Reopens Following Year-Long Shutdown
More casino activity is returning to normal after the long-running COVID-19 debacle. Donaco International's Star Vegas in Cambodia will soon reopen its doors. The global COVID-19 pandemic took its toll on the...
Star Entertainment Ex-Boss Matt Bekier Blames Others for Company’s Failures
In New South Wales' ongoing inquiry into Star Entertainment, former CEO Matt Bekier is dismissing his role in the casino operator's mismanagement and alleged money laundering. Instead, according to him, other executives...
Aussie Politician Wants Gambling Ad Ban as Spending Soars
Gambling advertising is on the rise in Australia, with a new Nielsen report indicating a significant increase in five years. One politician thinks it's time to cut back, and is using that...
Aristocrat Starts on New Las Vegas Center, Unveils Fremont St. Promo
Aristocrat Technologies broke ground Friday on a manufacturing facility in Henderson, a building company officials said will develop gaming devices to clients across the world. The project will be the biggest for...
Crown Resorts $125M China Arrest Settlement Approved by Aussie Federal Court
A federal court in Melbourne has approved an AU$125 million (US$89 million) resolution to settle a class-action lawsuit brought against Crown Resorts by disgruntled shareholders. Crown’s stock plummeted 20% on the news...
Chinese Casino Developer Freesoul Fined $650K for ‘Irreversible’ Fiji Environmental Damage
A court in Fiji has ordered Chinese casino developer Freesoul Real Estate Development to pay US$650,000 for causing environmental damage. That’s after it wrecked huge swathes of mangroves and a coral reef...
Star Entertainment Inquiry Confirms Shady Deals with Loan Sharks, Money Launderers
The ongoing inquiry into Australia's Star Entertainment and its casino operations isn't doing anything to help the company's standing. Two company executives confirmed this week that a number of shady deals have...
Aristocrat Leisure Likely to Consider Sizable Acquisitions, Says Fitch Ratings
Apparently not chastened by the collapse of its attempted takeover of Playtech, Aristocrat Leisure is likely to remain a player in large-scale mergers and acquisitions, says Fitch Ratings. Last year, the Australian...
Crown Resorts Vote on Blackstone Acquisition Delayed a Month
Crown Resorts shareholders expected to vote on the casino operator's acquisition by The Blackstone Group this Friday. The vote will have to wait, as the private equity firm still doesn't have all...