Australia
Packer agrees distancing measures from Crown with regulator
Crown Resorts' largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the company or have discussions that are not in a public forum.
APAC to get 820 more hotels in 2021, more in pipeline
Despite Covid-mandated travel restrictions, the number of new hotels will continue to expand in 2021 with 820 hotel projects and 190,332 rooms due to go live in the Asia Pacific region.
Blackstone sees probity nod for Crown by Q3
U.S. private equity firm Blackstone has provided more details on its bid for Australian operator Crown Resorts, saying it expects to clear the country’s notoriously tough probity checks by the third quarter of this year.
Evolution to buy Australia’s Big Time for EUR450m
Evolution Gaming Group said it agreed to buy Australian online slot company Big Time Gaming for EUR450 million ($535 million) in cash and stock.
Former deputy chair of SkyCity joins Crown Resorts board
Australia-listed Crown Resorts has announced the appointment of a new executive director, Bruce Carter, to the Crown board, subject to regulatory approvals.
Australian cruise industry demands restart
The Australian cruise industry, which has been shut down for more than 12 months is demanding to be allowed to restart operations now that a trans-Tasman bubble has been established.
Aristocrat Digital games seeing strong downloads and monetisation
Analysts from J.P. Morgan Australia have identified strong metrics coming out of Aristocrat’s digital arm, which saw strong downloads in its social casino games in the first half of the 2021 financial year.
Packer hires adviser on Crown sale
Australian billionaire James Packer has made a small but potentially significant move in the takeover play for Crown Resorts saying he is open to offers for his 37 percent stake in the operator.
Australia, New Zealand travel bubble from April 19
Australia and New Zealand have agreed to open a long awaited travel bubble from April 19, allowing citizens to travel to the other country without mandatory quarantine.
Morrison gets regulatory approval to join Crown board
Crown Resorts said former Skycity Entertainment CEO Nigel Morrison has received all the necessary regulatory approvals to join the board as a director.