Company Reports

The luxury hotel and casino Caesars Palace Las Vegas has brought the renovation of the resort’s largest tower to an end. The Palace Tower which have been renovated features almost 1,200 guest rooms and suites, and the process being estimated to more than $100 million. The massive renovation covered all 1,181 rooms and suites in the building and took place as part of a massive project of Caesars Entertainment to refurbish all of the rooms in the company’s Las Vegas properties. The Palace Tower renovation is the latest one in…

After last week Crown Resorts suffered a massive blow for being accused of tampering with poker machines and deliberately concealing potential illegal practices, now the Federal Parliament of Australia has been informed there was another whistleblower who alleged that the company was interfering with slot machines. Andrew Wilkie, an independent Member of Parliament who has long been participating in campaigns against slot machines, called the Australian Prime Minister Malcolm Turnbull to back a parliamentary inquiry against Crown Resorts. One More Whistleblower Backs Allegations in Misconduct According to the information revealed…

The Australian businessman James Packer has given little importance to the possibility of Crown Resorts trying to acquire a casino license on the territory of Japan. He also warned of a certain risk of overcapitalisation of the company on its leading Crown Sydney casino project estimated to AU$2.4 billion, especially taking into account the fact that the brand has already spent massive amounts of money on its properties in Perth and Melbourne. Ahead of the annual general meeting of Crown Resorts, Mr. Packer told The Australian that he did not…

In spite of the fact that the gambling regulator of the state of Victoria has been strongly criticised over its inaction in terms of Crown Resorts casino in Melbourne, the allegations against the brand are unlikely to lead to a federal parliamentary inquiry. It seems that both the Australian Government and the opposition have been turning a blind eye to the issue, pretending it was unimportant, so the push for a Senate probe after the scandalous claims may not be effective. Crown Resorts Faces Serious Allegations A couple a days…

Online betting company Lottoland Australia has revealed its idea to dispose of its products by selling them to customers of local newsagents, using the latter as advertising tools. The industry body that represents local newsagencies and lottery agents – the Australian Lottery and Newsagents’ Association (ALNA) – has shared its belief that the proposed offer of the operator is contradictory and comes as part of the company’s attempts to attract newsagents’ customers. The Chief Executive Officer of the Australian Lottery and Newsagents’ Association, Adam Joy, shared the Association’s view that…

Earlier today, one of the largest Australian casino operators – Crown Resorts Ltd – was accused by a local lawmaker of deliberately concealing potential money laundering and owning rigged poker machines. Reportedly, three former employees of the operator have alleged it in rigging slot machines. According to the allegations, the company has been concealing possible money laundering practices at its largest casino venue, and the state regulatory body has been covering up the operator’s criminal behaviour. MP Andrew Wilkie’s Allegations The independent Member of Parliament Andrew Wilkie, who is known…

The State Government of Australia is pushing to suspend so-called “rogue” lottery operators such as Lottoland at a time when the office of the country’s Attorney-General is organising a series of high-level meetings in order to discuss various options to handle the issue. It came to Casino Guardian’s knowledge that members of the state Attorney-General’s office had already have meetings with the National Newsagents Association, as well as with the local gambling operator Tatts Group to talk about the possible ways that could be used by it to ban the…

It seems that many US gambling operators have their eyes on Japan, aiming to win the country’s authorities favour. Currently, the Japanese Government has been considering to lift the nation-wide ban on casinos, giving such gambling venues the green light in order to compete to rival gambling hubs such as Macau and Singapore. Both MGM Resorts’ and Las Vegas Sands’ executives have reported that they consider making massive investments of about $10 billion in Japan, while the President of Melco Resorts and Entertainment has explained that he would spend whatever…

Hong Kong-listed integrated resort developer Landing International Development Ltd. confirmed on Wednesday that it has completed the sale of Les Ambassadeurs Club in Mayfair, London. The casino is known to be one of the most exclusive gaming spots in the UK capital. Landing announced its plans to sell the emblematic property last month. It also became known that Les Ambassadeurs Club would be purchased by Paul Suen Cho Hung for a total consideration of HK$2.5 billion (approximately £243.4 million). Mr. Hung currently owns Birmingham City F.C. and is one of…

The Premier of Western Australia reiterated the state government’s intention to ban lottery betting company Lottoland from targeting local customers. Luke Brill, Chief Executive of the operator’s Australian business, arrived in Perth to meet state officials in a bid to defend his company and spare it from being banished. It was in September when Premier Mark McGowan revealed that his administration has been considering the possibility to prohibit Lottoland from operating in the state. Western Australia’s top official told local media earlier today that they have remained committed to completing…