Title: Understanding the Ownership Structure of Crown Casino
Introduction (50 words):
Crown Casino, an iconic entertainment complex and resort located in Melbourne, Australia, has gained international recognition. To fully comprehend the operations of the casino, it is crucial to delve into its ownership structure. In this article, we will shed light on the various stakeholders and their roles in owning and managing Crown Casino.
Crown Resorts Limited (100 words):
Crown Casino falls under the ownership of Crown Resorts Limited, a public company listed on the Australian Securities Exchange (ASX). As of writing this article, Crown Resorts is majority-owned by Consolidated Press Holdings (CPH), a private investment company controlled by the Australian billionaire James Packer. CPH holds approximately 36% of the shares in Crown Resorts, making it the largest shareholder.
Other Shareholders (100 words):
Apart from CPH, various other entities hold a portion of Crown Resorts' shares. Institutional and retail investors primarily account for a significant portion of the company's ownership. These shareholders include both domestic and international investors, who have shown great interest in the growth potential of Crown Resorts.
Regulatory Oversight (50 words):
Given the scale and prominence of Crown Casino, it operates under strict regulatory oversight. The Victorian Commission for Gambling and Liquor Regulation (VCGLR) plays a crucial role in monitoring and ensuring compliance within the casino industry in Victoria, where Crown Casino is situated. The VCGLR ensures that ownership and operational practices adhere to legal and ethical standards.
Conclusion (50 words):
Crown Casino, a world-renowned establishment, is owned by Crown Resorts Limited, with Consolidated Press Holdings as the majority shareholder. The ownership structure involves various other shareholders, including institutional and retail investors. To maintain integrity and accountability, strict regulatory oversight is maintained through the Victorian Commission for Gambling and Liquor Regulation.