#Patricia Bergin

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

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

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

ABC Australian Broadcasting Corporation

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. Last year the Bergin inquiry said Crown needed to make sweeping cultural changes if it wanted to be a suitable operator The inquiry investigated incidents of money laundering and links to…

Gaming Authorities ・ 03 June 2022

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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

The Guardian

Crown Resorts: can a ‘special manager’ clean up Melbourne’s casino?

A royal commission proposal to install a special manager to make sure Crown Resorts' Melbourne casino cleans up its act after years of misconduct will be difficult to implement, experts say. While commissioner Ray Finkelstein's recommendations to tackle problem gambling have been welcomed, governance and gaming experts have questioned the plan to…

Travel ・ 28 October 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

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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

New Milford Spectrum

Inquiry finds Crown Resorts unfit to run its Sydney casino

SYDNEY (AP) - Australian gambling company Crown Resorts is unfit to run its new Sydney casino because it facilitated money laundering and had other problems, a regulator said Tuesday. Commissioner Patricia Bergin recommended several changes that Crown would have to make before it could run the casino in its 2.2 billion Australian dollar ($1.7…

Travel ・ 09 February 2021