The logo of Australia's casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and casino complex in Western Australia, October 20, AX after an inquiry heard the target should lose its main licence, sending its shares lower. Star, the country's No. The decision removes a lifeline for Crown which has been trying to convince regulators it can rebuild its culture after an earlier star casino melbourne in February found it allowed money laundering on its premises click here years and declared the company unfit to open a just-built casino in Sydney.
A subsequent inquiry was told this week Crown star casino melbourne also be stripped of its gambling licence melbkurne the Melbourne resort, whose casino generates about three quarters of its profit, due to insufficient efforts to reform its culture. AXJO decline of 0. Goldman Sachs analysts said in a research note that Star's decision link pull the click to see more offer stra unsurprising and that it may ultimately benefit from restrictions placed on its rival.
Crown said in a statement it remains willing to star casino melbourne with Star, and will continue to star casino melbourne any proposal it receives. Crown rejected a lower-priced proposal from buyout giant Blackstone Group BX. N in May, leaving Star's approach as its main option to show regulators it could overhaul itself under new ownership.
If the proposal materialises, star casino melbourne would remove a regulatory concern, which was Packer's influence over the board and its decision making. Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
O is investigating a claim on an online read article post which says the personal data of over million users have been breached, the company said.
Welcome to the Reuters. Read our Editor's note on how we're helping professionals make smart star casino melbourne. Read more. Star cites uncertainty over Crown's Shar casino licence Says it has had limited engagement with Crown so far Crown faces two inquiries that could affect Melbourne, Perth casinos.
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