GGRAsia – World

Fitch downgrades Crown, signs off on rating casino firm

Jul 06, 2022 Newsdesk Latest News, Top of the deck, World

Fitch Ratings Inc says it has downgraded the issuer default rating of Australian casino operator Crown Resorts Ltd to ‘BB-’ from ‘BBB’, and the senior unsecured rating on the financing...

Blackstone clinches US$6.15bln takeover of Crown Resorts

Jun 24, 2022 Newsdesk Latest News, Top of the deck, World

Australian casino operator Crown Resorts Ltd says its stockholders were on Friday paid the AUD13.10 (US$9.058) cash per share promised by investment firm Blackstone Inc, in order for the latter to...

Crown Sydney gets approval to start gaming ops

Jun 22, 2022 Newsdesk Latest News, Top of the deck, World

Australian casino operator Crown Resorts Ltd says its Crown Sydney resort (pictured) has been approved for a gaming licence – on a “conditional” basis – by the New South Wales regulator, the...

Genting to pay US$12mln to end lawsuit on Empire Resorts

Jun 15, 2022 Newsdesk Latest News, Top of the deck, World

Gaming conglomerate the Genting group is to pay US$12 million to end investor civil court action in the United States over the 2019 exercise that saw the Malaysian giant take private the formerly...

Australian court nods Blackstone-Crown deal: filing

Jun 15, 2022 Newsdesk Latest News, Top of the deck, World

Australian casino operator Crown Resorts Ltd says the Federal Court of Australia approved on Wednesday the proposed AUD8.9-billion (US$6.14-billion at current exchange rates) acquisition of...

Star Ent’s casino licence probed in Queensland

Jun 14, 2022 Newsdesk Latest News, Top of the deck, World

Casino operator The Star Entertainment Group Ltd said in a Tuesday filing it would “fully cooperate”, following an announcement by the Queensland attorney general, Shannon Fentiman, that there...

Western Australia regulator nods Blackstone-Crown deal

Jun 10, 2022 Newsdesk Latest News, Top of the deck, World

Blackstone Inc’s proposed AUD8.9-billion (US$6.39-billion at current exchange rates) acquisition of Australian casino operator Crown Resorts Ltd has been approved by Western Australia’s...

Online bet tech firm Huddle says casino op LVS now investor

Jun 09, 2022 Newsdesk iGaming, Latest News, Top of the deck, World

Huddle Tech Inc said in a Thursday press release that casino operator Las Vegas Sands Corp had completed a “strategic investment” in that newly-formed entity. No further details were...

Two state regulators nod Blackstone-Crown deal

Jun 09, 2022 Newsdesk Latest News, Top of the deck, World

Australian casino operator Crown Resorts Ltd said in a Thursday filing it had been informed that two out of the three involved Australian state regulators had already signed off on the firm’s...

Ainsworth to align financial year reporting with Novomatic

Jun 02, 2022 Newsdesk Industry Talk, Latest News, World

Australia-listed slot machine maker Ainsworth Game Technology Ltd says it is changing the company’s financial year-end, from June 30 to December 31. This was in order to “align the financial...