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Crown casino troubles result in Melco not buying James Packer’s shares

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Lawrence Ho and his Melco Resorts have decided to keep their plans to purchase shares of the Crown casino on hold, while the scandal and the investigation on the illegal activities of the casino remain under question. The Hong Kong casino magnate was supposed to purchase James Packer’s shares of the crown casino in order to start expanding their portfolio into a more international one. But, with the ongoing investigation, they have decided to put the plans on hold until further notice.

The Hong Kong side has also said that the trade could be altogether canceled if the investigation results in the decision that the trade deal between the two sides would be unacceptable.

The announcement was made on Wednesday and has been one of the many results of the investigation spearheaded by a number of media companies within Australia. The investigation uncovered that Crown casino was involved with junket companies that are backed by Asian crime gangs and Chinese foreign influence agents. This has caused the launch of an investigation by the NSW Independent Liquor and Gaming Authority and is releasing terms of reference. While the investigation into Crown casino and its operations continue, there is seemingly no negative effect on the industry in general. The demand for Australian casino games is growing, and the industry remains as healthy as always, despite the investigation. But there are certain deals and aspects outside of Australia that the investigation will be concerning.

Within the context of this illegal operation, the sale of the stakes has come under investigation as well. Within the context of the investigation, the father of Melco’s owner, Stanley Ho is under suspicion of having ties to Asian gangs and that the sale might be related to the illegal junket operations. Melco had agreed to the purchase of a stake that is worth around $1.7 billion, with the first 10 percent transfer happening before September 30th.

The current effects of the fallout

The Melco Resorts company has released a statement on the Nasdaq exchange. In the statement the company said that it had agreed with Consolidated Press Holdings to extend the possibility of the deal going through by another 60 days. A representative from CHP announced that they did not consider there was much a breach of an agreement or any law broken. According to them, all of the steps that they had agreed on with Melco had already been taking. But the agreement also has clauses that would result in the deal not going through at all.

Melco did not specify what they would be doing with the 10 percent that they had already purchased from Crown, but the situation might be complicated for them already.

When Crown was granted the license to create their $2 billion casinos by 2021 in Sydney, the casino was given a list of individuals and casinos that it would not be allowed to work with. Stanley Ho, the owner of Melco, was one of the individuals that were part of the original list. The list was made public recently and includes a casino that Stanley Ho owns, and Crown casino has dealt with extensively.

One more company that Crown was not allowed to interact with, the Great Respect Limited, is a 20 percent owner of Melco International. That is the company the Mr. Ho is the chair of, and which has a controlling stake in Melco Resorts, which is the one purchasing stake in Crown. This has put the entire company in a very precarious situation.

The current inquiry is thus important in determining the extent to which the company has managed to breach the terms of the agreement, beyond simply breaking the law. There is no specific time frame for the investigation.

Melco and Crown have been partners in the past, but the partnership was canceled after 19 individuals of the Crown staff were arrested on gambling-related charges.

The two companies were planning to increase their partnership further, but for now, the deal is on hold. It seems that James Packer is to remain the largest shareholder of the casino for now.


Source: Latest News on European Gaming Media Network
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Crown casino troubles result in Melco not buying James Packer’s shares

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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FairPlay joins Mastercard Start Path, shaping the future of AI-driven finance

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Mastercard just announced the latest cohort of Start Path, its award-winning startup engagement program, and FairPlay has been selected as one of the eight companies pioneering the next generation of financial technology.

Why does this matter? AI is playing an increasingly critical role in financial decision-making—determining who gets approved for a loan, what terms they receive, and even how compliance is maintained. But without the right infrastructure, AI models can reinforce old biases instead of driving better, more inclusive outcomes.

“My vision for the future of financial technology is to build fairness infrastructure for financial services, allowing all financial institutions to de-bias their digital decisions in real time,” says Kareem Saleh, CEO of FairPlay.

As part of the Start Path New Networks program, FairPlay will work with Mastercard and its partners to scale solutions that help financial institutions refine their AI models, fix blind spots, and ultimately improve both revenue and outcomes for consumers.

With AI decision-making under increasing regulatory and public scrutiny, this collaboration raises important questions about the future of financial technology that Saleh can speak on:

  • How can AI-driven decisioning improve financial inclusion without increasing risk?
  • What role will open banking play in making AI models more accurate and transparent?
  • How should financial institutions prepare for a future where AI accountability is a market expectation, not just a regulatory requirement?

 

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Official Game Titles for 2025 IESF Season

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The International Esports Federation (IESF) is thrilled to unveil the official game titles for the 2025 IESF Season.

This year’s tournaments will feature five of the most popular Esports titles: Counter-Strike 2, Dota 2, eFootball™ series, Mobile Legends: Bang Bang, and PUBG MOBILE. This marks the third consecutive year that IESF has maintained the same lineup, reflecting the consistency and popularity of these titles in the Worls of Esports.

With 136 member federations organizing National Qualifiers, the road to the 2025 IESF Season is set to be bigger and more competitive than ever. Around the world, national tournaments are already underway, as each federation seeks to crown their nation’s champions who will go on to compete at the highest level.

Igor Nedeski, Esports Manager at IESF, said: “We are proud to continue our collaboration with leading game publishers to ensure the highest quality of competition for the 2025 season. The excitement among athletes is already incredible as they prepare to represent their nations on the grand stage. This year, we  anticipate an even higher level of competition as teams and players push the boundaries of Esports.”

The 17th edition of the IESF Season will not only highlight the competitive excellence of esports athletes but also reinforce IESF’s commitment to inclusivity, diversity, and fair play within the Esports ecosystem. Stay tuned as IESF continues to bring together the best esports talent from around the world for an unforgettable tournaments. For more updates, follow IESF’s official channels and witness the journey to the 2025 season unfold!

 

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Imagine Live Receives ONJN License

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Imagine Live, the live casino provider has been approved by ONJN – the Romanian regulator

Imagine Live is thrilled to announce that it has successfully obtained the Class II license in Romania through its subsidiary ImagineLive Ro for the streaming of Live Casino games.

Martin Martirosyan Imagine Live Group CEO, commented: “Imagine Live is an established brand committed to delivering exceptional products and gaming experiences by putting the player at the centre of the live gaming experience. Imagine Live is equally committed to providing premium and customised live dealer solutions with bespoke tables and studios for our Romanian operator partners to ensure a complete brand experience that players enjoy and return, which drives deeper engagement and revenue opportunities.

The successful regulatory Class II approval from the Romanian ONJN regulatory authority further underpins our company’s growth plans and investments for state-of-the-art live dealer studios and customised live dealer product experiences.”

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