Crown Resorts Limited is Australia's largest gaming and entertainment group that owns and operates two of Australia's leading gambling and entertainment complexes, Crown Melbourne and Crown Perth.
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13 Facts About Crown Resorts
2.
In 2008, Crown Resorts attempted to enter the Las Vegas gambling market by acquiring a 19.
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3.
On 5 August 2014 Crown Resorts bought the site of the New Frontier Hotel and Casino on the Las Vegas Strip for $280 million with the intent to build a new hotel beginning in 2015.
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4.
On 26 June 2015, Crown Resorts officially announced that the new $6 billion hotel, called Alon Las Vegas, was to be located on the former New Frontier site and to open in 2018.
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5.
Crown Resorts announced in December 2016 that it was halting the project and seeking to sell its investment.
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6.
The relevant Member of Parliament for NSW stated their response would come after scrutiny of said report, whilst Crown Resorts Limited inferred mutual scrutiny with no mention of when a statement would be released to the public.
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7.
In February 2022, Crown Resorts accepted a takeover offer from US private equity firm Blackstone.
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8.
The deal was approved by the Federal Court of Australia in June 2022 and Crown Resorts was delisted from the Australian Securities Exchange.
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9.
Company's Crown Resorts Foundation makes grants to the arts, community welfare, education, health care and the environment.
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10.
The investigation, which was assisted by The Age and the Sydney Morning Herald newspapers and featured comments from former Crown Resorts employees, questioned Crown Resorts's relationships with certain junket operators — the middlemen who help recruit VIP gamblers and act as credit agents to get around China's capital controls — that have been linked to Hong Kong's triads.
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11.
Crown Resorts denied the report's claims, publishing advertisements in local newspapers calling the investigation “a deceitful campaign” that relied on “unsubstantiated allegations, exaggerations, unsupported connections and outright falsehoods.
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12.
Crown Resorts responded in a statement released to the Australian Stock Exchange, acknowledging the findings and promising to work with the government to reach compliance.
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13.
In May 2022, Crown Resorts was fined $80m for illegally accepting Chinese bank cards in its casino in Melbourne.
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