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Top related persons:
James Packer - 1 Michael Lee - 1 Lee - 1 Blackstone - 1 Byron Kaye - 1 Shri Navaratnam - 1
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SYDNEY - 1 Blackstone - 1 Crown Resorts - 1 Crown - 1 Thomson - 1

Search resuls for: "James Packer"


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☆ Australia court approves $300m money laundering fine for Blackstone's Crown Resorts
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
SYDNEY, July 11 (Reuters) - An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned (BX.N) casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company's history. read moreBut the fine needed the sign-off of the federal court, which approved the penalty, Australia's third-largest corporate fine, on Tuesday. Crown, which was bought by Blackstone after the events at the centre of the scandal took place, said in a statement that the court approval brings an end to the historical anti-money laundering and counter-terrorism financing "failures at Crown". The fine takes Crown's total penalties to A$680 million since it was rocked by accusations of ignoring organised crime and employee safety in hearings since 2020. ($1 = 1.4959 Australian dollars)Reporting by Byron Kaye Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Persons: James Packer, Michael Lee, Lee, Blackstone, Byron Kaye, Shri Navaratnam Organizations: SYDNEY, Blackstone, Crown Resorts, Crown, Thomson
☆ Blackstone-owned Crown Resorts agrees to $294 mln fine in Australia
  + stars: | 2023-05-30 | by ( Byron Kaye Harish Sridharan | Byron Kaye | Harish Sridharan | ) www.reuters.com   time to read: +2 min
May 30 (Reuters) - Crown Resorts, the Australian casino operator bought by Blackstone Inc (BX.N) after three damaging inquiries, agreed to pay a A$450 million ($294 million) fine for breaking anti-money laundering laws, a step toward ending its darkest chapter. "We are pleased to have reached this agreement with AUSTRAC," said Crown Resorts CEO Ciarán Carruthers, who started in the role in September. "The company that committed these unacceptable, historic breaches is far removed from the company that exists today." Australian regulators over the recent years have penalised a slew of companies over breaches and non-compliances, with the country's "Big Four" banks fined the most. ($1 = 1.4743 Australian dollars)Reporting by Byron Kaye in Sydney and Harish Sridharan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
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