Inquiry hears then-executive chairman John Alexander was told of Crown Resorts sale deal with Melco group and ‘didn’t sound happy’ A key director involved with negotiating the sale of a major stake of Crown Resorts to Lawrence Ho’s Macau-based casino group has admitted he gave little thought to whether the transaction potentially breached a special “Stanley Ho clause” designed to protect the Sydney casino from ties to organised crime. Continue reading...
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Mr. Ho led the tiny Chinese territory’s transformation into the world’s most lucrative gambling destination.
Coronavirus shutdown costing Macao’s gaming industry $100 million a day. Why are casinos OK with that?
A closure of the industry to stop the coronavirus comes as casino operators such as Las...A closure of the industry to stop the coronavirus comes as casino operators such as Las Vegas Sands and MGM Resorts are aiming to win new gaming licenses.
Crown Resorts takes extraordinary steps to deny crime link claims, but faces five separate inquiries and...Crown Resorts takes extraordinary steps to deny crime link claims, but faces five separate inquiries and calls for a royal commissionIt is action of last resort when handling an extreme corporate public relations crisis: if your world is exploding around your ears take out a full-page advertisement in the daily newspapers to protest your innocence.Crown Resorts, the powerful and highly recognisable proprietor of the largest casino complex in the southern hemisphere and product of Australia’s second-most powerful business dynasty, the Packer family, reached for the PR nuclear button last Thursday. Continue reading...