Challenging : International law professor details difficulties of prosecuting disgraced soldier Ben Roberts-Smith for war crimes skynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skynews.com.au Daily Mail and Mail on Sunday newspapers.
May 13, 2021
In Australia and The Star Entertainment Group Limited has reportedly followed rival casino operator Crown Resorts Limited in agreeing to stop the use of junket firms in order to attract high-value foreign players to its New South Wales property.
According to a report from Inside Asian Gaming, the move from the Brisbane-headquartered company comes a little over four months after Crown Resorts Limited was refused a gaming license for its new Crown Sydney development owing to concerns that it may have been complicit in a slew of money laundering offenses tied to its own utilization of such junkets. The source detailed that this licensing decision from the New South Wales Independent Liquor and Gaming Authority could be revisited before the end of the year so long as the operator has implemented a number of recommendations earlier laid out by an independent investigation chaired by former New South Wales Supreme Court Judge Patricia Bergin.
April 19, 2021
Australian casino operator Crown Resorts Limited has reportedly been offered up to $2.3 billion in private financing so as to buy back some or all of the 37% shareholding currently owned by company founder James Packer (pictured).
According to separate reports from the Bloomberg and Reuters news services, the proposal from American investment equity giant Oaktree Capital Management LP would see the Melbourne-headquartered casino firm enter into a ‘structured investment’ in order to acquire the shares from Packer’s Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle. The sources detailed that such an arrangement could allow Crown Resorts Limited to partially rehabilitate its image following the recent determination that it was unfit to hold a gambling license for its new Crown Sydney development.
April 16, 2021
Following months of negotiations and billionaire businessman James Packer (pictured) has reportedly agreed a deal that will allow him to retain his around 37% stake in beleaguered Australian casino operator Crown Resorts Limited.
According to a Thursday report from The Sydney Morning Herald newspaper, the arrangement worked out with the New South Wales Independent Liquor and Gaming Authority is set to permit the 53-year-old’s Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle to remain as the largest individual shareholder in Crown Resorts Limited. The source explained that this comes despite accusations uncovered via a recent investigation that Packer had potentially been exercising undue influence over the day-to-day operations of the firm behind the gambling-friendly Crown Melbourne and Crown Perth properties.
Australian casino operator has reportedly announced that it will not be donating to local political parties until a pair of ongoing probes are completed.