#Crown Sydney

The Sydney Morning Herald

Crown casinos to launch online self-exclusion scheme for gamblers

People with gambling problems will be able to ban themselves from Crown casinos over the internet instead of having to do so in person, as part of a wider overhaul of the group's approach to harm minimisation. Crown Resorts' new safer gambling program also includes the establishment of a dedicated gambling policy team, which will monitor customer…

Gambling Addiction ・ 28 July 2023

Asgam

Star warns of major hurdles to earnings at The Star Sydney on increased casino duty rates, regulatory challenges

Australia's Star Entertainment Group has warned that the future earnings capacity of The Star Sydney could be seriously harmed should the NSW state government proceed with plans to substantially increase casino duty rates starting in FY24. In an earnings and outlook update filed with the Australian Securities Exchange on Monday, Star explained that…

Industry ・ 13 February 2023

Yogonet

Crown to open its Sydney casino in August for VIP-only visitors under conditonal license

After the NSW Independent Liquor and Gaming Authority (ILGA) approved Crown to operate its Sydney property last month, Crown Sydney has now announced it will open its doors in August to VIP visitors only. The operator, which will be closely monitored by the ILGA in its activities, described its new gaming facility as "intimate", featuring "two…

Land-based ・ 05 January 2023

Casino Guru

NSW lays plans for increased casino tax levies

The year 2022 will be remembered as one that brought around cataclysmic upheavals in the gambling industry in Australia. New South Wales is making sure another big change is pushed through before the year is out, with the introduction of the overhauled tax rate to apply for the Crown Sydney and Star Sydney casinos in the state. Both properties were…

Finance ・ 21 December 2022

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Gambling News

NSW Gov to Trial Cashless Gaming Machines

The government of New South Wales launches a cashless gaming trial in the state to fight against money laundering practices and gambling-related risks. Approximately 200 Wests Newcastle leagues club members received access to the new cashless gaming technology on Saturday, October 8, as part of the three-month trial, which will test the operation…

Travel ・ 10 October 2022

ABC Australian Broadcasting Corporation

Sydney's Crown Casino to open under conditional licence in August

Sydney's Crown Casino will open its doors in August to VIP visitors only, less than two years after being deemed unfit to hold a gaming licence. Crown's restricted facility has the highest levels of governance and compliance, CEO Simon McGrath said ILGA granted a conditional licence in June because it had still not found the company "suitable" All…

Travel ・ 17 August 2022

The Sydney Morning Herald

Sydney casinos: High rollers still on the menu as Crown and Star lock horns

After a decade of drama, Sydney finally has two casinos vying for its gambling dollar - separated by the barest sliver of a harbour. Crown Resorts and Star Entertainment Group have been put through the regulatory ringer, many would say belatedly, for their shoddy approach to compliance. But suitably chastened, both are now ready to go toe-to-toe in…

Travel ・ 12 August 2022

9 News

Crown Sydney to open VIP gaming floors next month

Crown's new $2.2 billion Sydney casino will finally open its VIP gaming floors, after the operator was sidelined by regulators following devastating revelations of the company's connections to organised crime. Crown Sydney will open the doors to the $2.2 billion Barangaroo building - which Crown claims is Australia's only "VIP" gaming casino - on…

Land-based ・ 12 August 2022

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Casino Guru

Crown Resorts Sydney finally opens casino floor

Long overdue, the arrival of the Crown Resorts casino in Sydney is finally at hand with the company launching its gaming floors at the Barangaroo property this Monday. It took the property some 18 months after the hospitality business welcomed its first guests to go ahead with the official opening. In the past year and a half, Crown Sydney casino…

Travel ・ 10 August 2022

Gambling News

The Crown Sydney VIP Casino Finally Opens Doors

After considerable difficulties and a major corporate makeover on August 8 Crown Resorts is finally opening its VIP casino at its AUD 2.2 billion ($1.6 billion) integrated casino resort the Crown Sydney, which was opened and commenced operations back in December 2020. The company faced delays in opening the casino not least because of…

Gaming Authorities ・ 08 August 2022

European Gaming

Sydney’s Crown Casino to Reopen to VIPs in August

Sydney's Crown Casino will open its doors in August to VIP visitors only, less than two years after being deemed unfit to hold a gaming licence. The NSW Independent Liquor and Gaming Authority (ILGA) gave Crown the green light to open the Sydney operation last month, saying it would closely monitor the casino's initial operations. Crown described…

Gaming Authorities ・ 27 July 2022

Gambling News

Crown Sydney Opens as Regulator Granted Provisional Casino License

The long-awaited launch of Crown Resorts' luxury casino at the Crown Sydney is finally about to happen. Australia's first and only VIP casino will officially open and commence operations on August 8, 2022. The Crown Sydney announced the opening date for its luxury casino venue at its skyscraper hotel in Barangaroo after it was finally granted a…

Gaming Authorities ・ 25 July 2022

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ABC Australian Broadcasting Corporation

Crown's Sydney casino to deliver $100m in extra tax revenue for NSW government in first year, experts say

Crown's Sydney casino is expected to deliver an extra $100 million in tax revenue to the NSW government in its first year, just a quarter of what its Melbourne venue delivers to Victoria's coffers. Crown was granted a licence to run its Sydney casino earlier this week Experts say the casino will make a quarter of what Crown Melbourne makes Crown…

Finance ・ 26 June 2022

European Gaming

CROWN CASINO GIVEN CONDITIONAL APPROVAL TO OPERATE GAMING

The NSW Independent Liquor & Gaming Authority has given Crown Sydney casino conditional approval to open its gaming operations The Authority's Chairperson, Philip Crawford, said Crown will be allowed to conditionally begin casino operations, giving the Authority the chance to monitor the final phase of its restricted gaming licence suitability…

Gaming Authorities ・ 22 June 2022

ABC Australian Broadcasting Corporation

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 ruled it was "suitable" to hold a casino licence. Blackstone is pursuing an $8.9 billion takeover of Crown Resorts The equity giant has been subjected to an extensive probity assessment Crown has been prevented from…

Travel ・ 09 June 2022

The Sydney Morning Herald

Crown Sydney: Casino advertises for gaming staff as it prepares for conditional licence at Barangaroo

Crown Resorts has started advertising for gaming table staff for its Sydney casino in preparation for the state government signing off on a strict conditional licence for the gambling giant. The NSW cabinet is expected to consider an agreement between the NSW gaming regulator and Crown as early as Monday to allow it to open its Barangaroo casino…

Gaming Authorities ・ 03 June 2022

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Travel Daily News

Should you consider traveling to Australia for casino experience

Here we will talk about Aussie casino entertainment and whether it is worth traveling here just for a gambling experience. Australia is truly an exotic place and tourists from all across the globe flock there during summer. They go there to enjoy the beautiful coastal area, hike through scenic landscapes, and look at marsupials like kangaroos and…

Baccarat ・ 22 March 2022

Golden Casino News

Crown Resorts approved to resume casino operation in Sydney

Crown Resorts may be on the verge of opening its real-money casino component of its $2.2 billion Crown Sydney Hotel Resort "in the next weeks," local media sites claim. The property swung open its doors for the first time towards the end of 2020, but casino operations were suspended following an Independent Liquor & Gaming Authority investigation…

Travel ・ 02 March 2022

Real Money

Blackstone Poised to Become Biggest Aussie Gambling Operator

Private equity powerhouse Blackstone Inc. (BX) looks set to become the biggest gambling operator in Australia after it made an improved offer for Crown Resorts (ASX:CWN and CWLDY), which the casino company's board said shareholders should accept. That's unless a better offer comes in... I've written about this saga a couple times before,…

Travel ・ 14 January 2022

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New Year Launch in the Cards for Crown’s Sydney Casino

Troubled Australian operator Crown Resorts and its regulatory overseer are working together to launch Crown Sydney's casino in early 2022. [Image: Shutterstock.com] Steven McCann, the new CEO of Australia's Crown Resorts, has said the troubled gaming giant aims to open its Sydney casino in early 2022. At an investor briefing on Monday, McCann said…

New Year ・ 13 December 2021

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Aussie Casino Giant The Star's Shares Fall on Illegalities Claim

The cycle of negative news for Australian gambling firms shows no sign of letting up after casino giant The Star Entertainment's shares fell on the back of a money laundering claim. Leading Australian online stockbroking firm CommSec took to Twitter on October 11 to share the news that The Star's shares had slumped by 22.9% on Monday: The sharp…

Gaming Authorities ・ 11 October 2021

Asgam

Crown Resorts falls to US$191 million loss in FY21 on Melbourne, Sydney casino closures

Troubled Australian casino giant Crown Resorts has reported a loss of AU$261.6 million (U$191.2 million) in the 12 months to 30 June 2021, heavily impacted by COVID-induced property closures and the fallout from regulatory inquiries across three states. Crown saw its revenue plummet 31.3% year-on-year to AU$1.54 billion (U$1.13 billion) in FY21,…

Travel ・ 30 August 2021

BBC

Sydney casinos to ban cash after money laundering scandal

Sydney's only two casinos will make their gaming operations cashless in a bid to stamp out money laundering. Regulators said The Star and Crown Sydney, which is yet to be opened, agreed to the unusual move on Thursday. It comes after an inquiry earlier this year found it was likely criminal activity had occurred at Crown Resorts' casinos in other…

Incidents ・ 15 July 2021

Real Money

Crown Shares Soar on Blackstone Bid for Aussie Casino Operator

Crown Resorts (CWLDY) shares won big on the ASX today, with the stock soaring 21.4% in Sydney trade. That's after the troubled casino operator on Monday said it had received an A$8.0 billion (US$5.4 billion) buyout bid from the world's largest private-equity investor, the Blackstone Group (BX). The offer from Blackstone, which already owns 9.99% of…

Travel ・ 07 May 2021

Real Money

Australia's Largest Casino Company Loses Big With License Findings

Australia's largest gambling company, Crown Resorts, is facing a crisis of its own making after a damning report that finds it unfit to open its newest casino. Crown has already opened the doors to the nice-and-shiny, 75-floor Crown Sydney skyscraper, which is now Sydney's tallest building. The hotel and restaurants are open for customers. But the…

Travel ・ 07 May 2021

The Sydney Morning Herald

Crown inquiry LIVE updates: Sydney’s Crown Barangaroo casino not suitable to hold licence, Bergin report finds

If you're just joining us now, here is what you need to know. Today the NSW government tabled the long-awaited report of the Bergin inquiry into Sydney's second casino licence, which is held by the James Packer-backed Crown Resorts. Crown opened its new $2.2 billion complex in Barangaroo in late December, but without the gaming rooms that…

Gaming Authorities ・ 09 February 2021