James Packer has ended his near quarter-century relationship with Crown Resorts by acknowledging ‘the ups and downs, and challenges’ and praising the company’s staff and new owners.
The private equity giant has finally secured the keys to Crown Resorts and its casinos and hotels after an $8.9 billion, 15-month pursuit.
The private equity giant wrapped up ownership of Crown Resorts on Wednesday with court approval of its $8.9 billion offer.
The gaming group’s new owner, US investment giant Blackstone, is expected to name the new board and management team charged with rehabilitating the scandal-plagued casino operator within days.
In tonight’s show, Ben Harvey recounts the extraordinary story of how one teenager turned 21 pinball machines into a gaming empire – and why a bumper payday could one day rock corporate Australia.
Up Late | Mon, June 6
The casino operator breached gaming laws by allowing Chinese high-rollers to illegally access more than $160m at its Melbourne hotels between 2012 and 2016.
Two men could spend 10 years behind bars following alleged suspicious betting activity in an esports league for a popular online game.
Sony, which works with Epic on the PlayStation, and Kirkbi, the family-owned holding company behind the Lego toy brand, each invested $US1b in the new deal.
The Victorian government plans to increase the amount of lottery numbers, making it harder for Australians to win Oz Lotto.
Emily Woods and Callum Godde
Victoria's gambling and casino commission has started disciplinary proceedings against Crown Melbourne, which could lead to fines of up to $100 million.
The gambling regulator overseeing WA’s only casino is getting a high-powered appointment - one of the royal commissioners who deemed it had failed to rein in scandal-plagued Crown.
Rebecca Le May
In tonight’s show, Harvey asks why nobody has been hung out to dry in the Crown royal commission report despite casino bosses overseeing industrial-scale money laundering.
Up Late | Thu, March 24
The welcome sign was always out over Crown Resorts’ high-roller gaming rooms for those with lots of money - and the company didn’t much care where the cash came from.
VGW lifted its half-revenue past $1.5 billion in the December half, again outperforming high profile startups such as Canva.
When Julian Smart figured he could improve the way Fortnite could be played, he didn’t expect to be the one asked to make the upgrades.
PlayStation inventor Ken Kutaragi shrugged off the metaverse as the tech industry’s next big undertaking and head-mounted displays as the portal to that destination.
Takashi Mochizuki and Yuki Furukawa
Mr Packer owns 37 per cent of Crown, which has finally conditionally endorsed a new takeover offer by investment giant Blackstone.
Jockeys at West Australian race meets must be double vaccinated against COVID by February 5 – potentially spelling the end of star hoop William Pike’s long dominance of the State’s tracks.
The former chief executive officer of Sony Computer Entertainment America is leading a $US225 million ($310m) special-purpose acquisition company that’s pursuing a deal in the video game industry.
WA-based game studio Ninja Syndicate is bringing the metaverse to Perth with its new gaming platform, slated for release in February.
Analysts say the Victorian royal commission’s findings could deter suitors from bidding for the beleaguered casino operator.
A Melbourne couple have scored $60 million in the Powerball lottery after a "horrible year" in lockdown.
Billions of dollars are being poured into blockchain gaming companies around the world as investors and players bet the emerging sector will eventually surpass traditional gaming.
The booming social gaming group says a US listing is more likely than a local float.
© West Australian Newspapers Limited 2022