The administrators of pokie manufacturer Atlas Gaming, of which former Victoria Premier Jeff Kennett is a major shareholder, are seeking an extension of time to finalise the sale of the struggling business which owes more than $9.5 million to creditors, shareholders and employees.
MinterEllison and Crown Resort’s internal lawyers were partially at fault for misconduct unearthed in a damning Royal Commission report into the casino operator because they failed to ask whether certain actions were moral as well as legal, the commissioner has found.
Crown Resorts has avoided having its casino licence stripped, for now, with a Victorian Royal Commission giving the casino operator two years to clean up its act after finding it failed to prevent “illegal, dishonest, unethical and exploitative” conduct.
Star Entertainment Group is facing two possible shareholder class actions over alleged failures in the management of its anti-money laundering and counterterrorism financing risks.
The Star Entertainment Group has filed court proceedings against the Australian Taxation Office seeking to have interest charges on a tax bill cancelled, saying the ATO acted “unfairly” by not adhering to the terms of a 2001 settlement agreement.
A high roller with a severe gambling addiction has taken Crown Melbourne to court, alleging the casino’s “predatory” practices caused him to lose more than $4.5 million over three and a half years.
The Star Entertainment Group will not be able to recoup losses at its casinos and hotels stemming from the COVID-19 pandemic, after a judge found the company’s $4 billion industrial special risks policy did not cover financial losses from government-imposed restrictions.
Crown Resorts chair Helen Coonan and the CEO of Crown Melbourne will step down at the end of this month, the latest heads to roll as the casino operator attempts to persuade Royal Commissioner Ray Finkelstein QC that it should keep its Victorian licence.
Australian gambling giant Tabcorp has been hit with a lawsuit for allegedly infringing two patents with its ‘Cash Out on Quaddie’ wagering feature.
Crown Melbourne is not presently suitable to hold a casino licence in Victoria, counsel assisting the royal commission into the casino operator said Tuesday.