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Packer's CPH sent secret Crown forecasts to Melco before $1.7b sale

Packer's CPH sent secret Crown forecasts to Melco before $1.7b sale

James Packer’s private company sent confidential Crown Resorts financial forecasts to Hong Kong group Melco Resorts as they were negotiating the sale of a 19.9 per cent stake in the Australian casino giant for $1.7 billion.

  • by Patrick Hatch

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Crown gave Packer secret profit forecast before $1.7b share sale
Casinos

Crown gave Packer secret profit forecast before $1.7b share sale

Crown Resorts boss Ken Barton says the $1.7b share sale to Lawrence Ho's Melco Resorts could have stopped the briefs to James Packer.

  • by Patrick Hatch
NSW taxpayers liable if inquiry acts on Crown findings
Exclusive
Crown Resorts

NSW taxpayers liable if inquiry acts on Crown findings

NSW taxpayers could be forced to pay millions of dollars in compensation to James Packer's Crown Resorts if the casino group is ordered to implement tighter controls to keep criminals out of its $2.2 billion Barangaroo facility set to open in December.

  • by Patrick Hatch
Casino group Star awards executive bonuses while pocketing JobKeeper
The Star Entertainment Group

Casino group Star awards executive bonuses while pocketing JobKeeper

Casino group Star Entertainment has handed its top executives $1.4 million worth of bonuses despite missing their annual financial targets.

  • by Patrick Hatch
Crown Resorts' compliance 'gold star' never existed
Crown Resorts

Crown Resorts' compliance 'gold star' never existed

Crown Resorts never received a "gold star" for anti-money laundering compliance from an independent expert as it claimed.

  • by Patrick Hatch
Crown casinos has failed on money laundering
Editorial
Editorial

Crown casinos has failed on money laundering

To have any future in the casino industry, Crown would do better to look hard at itself rather than looking for excuses.

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Home Affairs gave 'favourable' treatment to Crown high rollers, says integrity inquiry
Crown Unmasked

Home Affairs gave 'favourable' treatment to Crown high rollers, says integrity inquiry

Australia Law Enforcement Integrity Commission inquiry says Crown's recommendations on behalf of big gamblers were given 'significant weight' by Home Affairs officials.

  • by Nick McKenzie
No answers from 'urgent' Crown casino probe one year later
Crown Resorts

No answers from 'urgent' Crown casino probe one year later

Victoria's gambling regulator is yet to report back to the state government on an "urgent" investigation into Crown Resort's Melbourne casino more than a year after being ordered to examine its infiltration by organised crime.

  • by Patrick Hatch
Crown's board and regulators allowed it to act with impunity for too long
Opinion
Opinion

Crown's board and regulators allowed it to act with impunity for too long

The NSW inquiry is starkly revealing that Crown should have worried less about defending its reputation and more about the people it was doing business with.

  • by Nick McKenzie
Crown sent $500,000 to drug dealer who was 'good friend' of junket
Crown Resorts

Crown sent $500,000 to drug dealer who was 'good friend' of junket

Crown Resorts executives approved the transfer of $500,000 to a Melbourne drug dealer after being told that he was a 'good friend' of one of the casino’s junket business partners.

  • by Patrick Hatch
Jailed Crown exec says profit may have ‘blinkered’ casino to China risks
Crown Resorts

Jailed Crown exec says profit may have ‘blinkered’ casino to China risks

A top Crown Resorts executive told a colleague it would be difficult to convince their bosses to "temper their expectations" of profits before he was arrested.

  • by Patrick Hatch