Two Crown Resorts Ltd directors with links to major shareholder James Packer resigned on Wednesday, the first heads to roll after the Australian casino operator was deemed unfit to hold a gambling licence for its new Sydney casino.
Casino operator MGM Resorts posted a bigger-than-expected loss on Wednesday, hurt by COVID-19 travel restrictions, but signaled a pickup in demand later this year as vaccines become more widely available.
Australian casino giant Crown Resorts Ltd is unsuitable to hold a gambling licence for its flagship new Sydney resort unless it makes sweeping changes to its board and culture, according to a highly critical report by an industry regulator.