Australian casino operator is reportedly working with the regulator for New South Wales in order to bring casino gaming to its fresh Crown Sydney property.
May 13, 2021
In Australia and The Star Entertainment Group Limited has reportedly followed rival casino operator Crown Resorts Limited in agreeing to stop the use of junket firms in order to attract high-value foreign players to its New South Wales property.
According to a report from Inside Asian Gaming, the move from the Brisbane-headquartered company comes a little over four months after Crown Resorts Limited was refused a gaming license for its new Crown Sydney development owing to concerns that it may have been complicit in a slew of money laundering offenses tied to its own utilization of such junkets. The source detailed that this licensing decision from the New South Wales Independent Liquor and Gaming Authority could be revisited before the end of the year so long as the operator has implemented a number of recommendations earlier laid out by an independent investigation chaired by former New South Wales Supreme Court Judge Patricia Bergin.
By: Christie Eliezer
Splendour In the GrassFestivals, Venues Receive Extra $25m In Government Funding
Sixty six festivals, venues, events, productions and digital platforms shared in A$25 million ($19.6 million) of Australian government funding, in the third round of its A$200 million ($157 million) Restart Investment to Sustain and Expand (RISE) Fund.
Arts minister Paul Fletcher, making the announcement at Brisbane’s Tivoli Theatre – one of the recipients – May 7 said funding would flow immediately to rejuvenate live performance venues and events, creating more than 25,000 employment opportunities across the country.
He said, “This funding is an important step in the rejuvenation of Australia’s arts sector from COVID-19, and will support our much-loved venues putting on activities such as festivals, concerts, tours, productions and events, particularly in regional and remote areas.”
The Star Entertainment Group has proposed a A$12 billion casino merger with Crown Resorts.
SkyCity’s board is following merger and acquisition bids between its Australian peers with interest, according to chair Rob Campbell.
The Star Entertainment Group, which runs casinos in Sydney, Gold Coast
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Starâs merger plan for Crown faces ACCC hurdle
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The Starâs merger proposal with James Packerâs Crown Resorts faces a full investigation by the competition watchdog, which will focus on market concentration in table games and other segments of the gambling market.
The investigation looms as a serious hurdle for Starâs audacious proposal to bring together Australiaâs two biggest casino operators less than a year after Crown was found to be unsuitable to hold a gaming licence by a NSW inquiry.
Crown Resorts released Blackstoneâs new conditional offer in a statement to the market on Tuesday.Â