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Hard Rock International said it has acquired the casino premise license from The Ritz Club in London, UK. This transaction will allow Hard Rock to seek out and establish a new casino premise in London, continuing Hard Rock’s expansion into major gateway cities around the world.
Private-equity company Blackstone, which bought a 10 percent stake in Crown Resorts earlier this year, may prove to be a suitable buyer for the company that may need to change its ownership to retain its casino license, Reuters' Breakingviews argues.
Giving its side of the story in a trial into its suitability to run a casino in Sydney, counsel for Crown Resorts said its "honest" mistakes with regards to China didn't mean it was unsuitable to hold a casino license.
Malaysian billionaire Lim Kok Thay's long-held ambition to own a casino in Macau may be fading again after Genting Hong Kong revealed its cash woes have forced the sale of part of a luxury hotel project there.
Crown Resorts director Andrew Demetriou has claimed the company is ready to open and run its Sydney casino in defiance of the governance and probity questions raised at the NSW inquiry into the casino giant.
After spending most of this year in denial or else paralyzed by the crisis of the Covid-19 pandemic, the Japanese central government has finally made a credible decision about its IR development plans, which is to push back the timeline by nine months.
Commonwealth Casino Commission Chairman Edward Deleon Guerrero claims that his body is the only one authorized to suspend or revoke the gaming license of Imperial Pacific International.
A second Australian regulator said it has begun disciplinary proceedings against casino giant Crown Resorts Ltd CWN.AX after media reports accused it of failing to vet foreign gamblers, a second watchdog to take action over the claims.
Imperial Pacific International has reportedly offered to pay half of its $15 million annual license fee now, with the remainder deferred until February next year due to the impact of Covid-19 on its business.
Testifying before an inquiry in Sydney, former Crown Resorts Chairman James Packer said the amount of profit generated by the company’s VIP business was not worth the risk posed to its employees.