INDEPENDENT REGULATORY COMMISSIONS – NEW SOUTH WALES

Crown casino inquiry put on ice

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Original article by Eli Greenblat
The Australian – Page: 15 : 6-Apr-20

The New South Wales Independent Liquor & Gaming Authority has advised that its inquiry into casino operator Crown Resorts has been put on hold as a result of the coronavirus pandemic. It says the inquiry will resume when it is considered "safe and practicable" to do so. The focus of the inquiry is the proposed sale of shares in Crown to Lawrence Ho’s Hong Kong-based casino operator Melco Resorts & Entertainment by James Packer’s CPH Crown Holdings.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, MELCO RESORTS AND ENTERTAINMENT LIMITED, CPH CROWN HOLDINGS, NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY, THE STAR ENTERTAINMENT GROUP LIMITED – ASX SGR

Court unplugs Crown casino probe powers

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Original article by Deborah Cornwall
The Australian – Page: 6 : 12-Feb-20

The New South Wales NSW Independent Liquor & Gaming Authority is slated to commence its inquiry into Crown Resorts’ casino operations on 24 February. However, the Supreme Court has ruled that the inquiry does not have the powers of a royal commission. Lawrence Ho’s Melco Resorts had argued that the ILGA lacked the power to order it to surrender nine documents, and that doing would constitute a breach of legal professional privilege.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, MELCO RESORTS AND ENTERTAINMENT LIMITED, NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY, SUPREME COURT OF NEW SOUTH WALES

Echo chief on edge over delayed Genting decision

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Original article by Perry Williams
The Australian Financial Review – Page: 17 : 1-Jun-15

The New South Wales Independent Liquor & Gaming Authority has yet to make a decision on an application by Malaysia-based Genting to lift its stake in Echo Entertainment Group. Genting has a 6.6 per cent stake in the casino operator, but it sought approval in 2012 to increase its stake to a maximum of 25 per cent. At present, shareholdings are limited to 10 per cent of Echo’s share register.

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, GENTING BERHAD, NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY, THE STAR, CROWN RESORTS LIMITED – ASX CWN, RESORTS WORLD BERHAD

Approval ‘one of the fastest in history’

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Original article by Sean Nicholls
The Sydney Morning Herald – Page: 3 : 12-Aug-14

Micheil Brodie, CEO of the Independent Liquor & Gaming Authority (ILGA) in New South Wales, has commented on the probity check recently carried out on Crown Resorts. The listed gaming group has gained permission to operate a new luxury casino at Barangaroo in Sydney, and Brodie noted that the three months the process took was the fastest assessment yet by the ILGA. He dismissed speculation that the granting of a licence under the Casino Control Act may have been jeopardised by Crown chair James Packer’s public brawl with Nine Entertainment CEO David Gyngell

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, THE STAR, NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY