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• »News
• »Crown Casino Dismisses Las Vegas Sands Sale Rumors

Crown Casinos’ share price rose on the back of rumours that the casino operator’s majority shareholder James Packer was engaged in talks with Las Vegas Sands’ Sheldon Adelson.

Calvin Ayre reports that Crown’s shares rose nearly three per cent on Monday to close at A$9.90, a peak the operator hasn’t hit since mid-2020 and when regulatory problems truly began in earnest.

On January 2, it was reported that Packer’s $200 million yacht, in which he spent the bulk of the year hiding from COVID-19 on the high seas, spent the final days of 2020 parked alongside another superyacht owned by none other than Sheldon Adelson.

The paper noted that there’d been “tenders between both vessels going back and forth,” sparking speculation that Adelson was discussing the sale of Packer’s nearly 37 per cent stake in Crown.

However, a Packer flack dismissed talk that the two casino titans had any contact during their boats’ prolonged proximity.

The idea of such discussions isn’t so daft, given it was only last May that Sands was reportedly kicking Crown’s tyres, and that Sands recently confirmed it’s considering unloading its US properties in Las Vegas, where Packer unsuccessfully tried to establish a Crown presence.

As such, there may not necessarily be any fire here, but things are getting smoky.

Packer’s video testimony at the New South Wales inquiry into a litany of compliance failures at Crown Melbourne led to further speculation that Packer will need to reduce his holdings to preserve Crown’s NSW future.

And that NSW future currently looks bleak.

The flashy new Crown Sydney opened last December but NSW regulators declined to approve any gambling operations at the property pending the inquiry’s final report, due in February.

With Australia and China currently feuding, Crown Sydney’s capacity to attract Chinese VIP gamblers appears extremely limited for the foreseeable future.

Crown’s future in Victoria is almost as uncertain after state regulators announced they were advancing a scheduled licence review for Crown Melbourne by two years.

The property is among the state’s biggest employers, so while the state isn’t likely to shut the casino down, it could put pressure on Crown to cede ownership and management to some fresh faces.

Crown Sydney opens with little fanfare

Restaurants, bars and a six-star hotel at Crown Sydney opened in late December, but without the pomp or fanfare imagined when the 275 metre tower was first proposed eight years ago.

The Brisbane Times reported in December that the high-roller gaming rooms that underpinned the project’s viability remain firmly shut, with serious questions about if and when they will open.

The NSW gambling regulator blocked the $6.5 billion ASX-listed giant from commencing gaming operations in December after its failures to prevent money laundering at its Melbourne and Perth casinos and other probity issues were revealed during a public inquiry into the group.

Crown’s casino licence now hinges on former Supreme Court judge Patricia Bergin’s findings from the year-long investigation into the group, which was triggered by a series of reports, with the recommendations due by February 1.

Crown could lose the licence completely, or have strict conditions imposed.

Changes to Crown’s management and board could be required and Packer may have to sell down some of his 36 per cent holding in Crown to lessen what counsel assisting the inquiry called his “deleterious” influence.

But even if Crown keeps its licence, there are questions about whether Crown Sydney is viable in its current form or if the city’s tallest building could become a white elephant.

The risk, according to gaming industry experts, is that even after Australia’s international borders reopen the Chinese high rollers that were a vital part of the Barangaroo business plan are unlikely to return.

“The international VIP market is pretty much gone,” says David Green, an industry consultant who has worked with casinos and gambling regulators.

“These people won’t put their heads up again while the mainland Chinese authorities are as belligerent and antagonistic towards gaming as they are now.”

Johnny Ka$h Casino Review – First Impression

Johnny Cash Casino is based on an unusual theme—lions. The online casino revolves around the central character of a lion called Johnny Ka$h. This adorable creature wears glasses and an expensive suit and keeps you company as you explore the site's features and play online casino games. And you don't need to be afraid of Johnny because he has none of the ferocity of his species. Instead, he is as gentle as a lamb.

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Software Platform and Favourite Games at Johnny Cash Casino

Johnny Ka$h Casino offers a library with hundreds of games from multiple providers. You can either wager real money on these games or play them in the demo mode. To do so, you have to open an account, but you don't have to download any app or gaming software.

Johnny Ka$h Casino offers games in categories such as video slots, classic slots, blackjack, roulette, video poker, jackpot games, and table games. All these games were designed and developed in the studios of well-known providers such as Quickspin, iSoftBet, Betsoft, Relax Gaming, Booming Games, Booongo, Red Tiger Gaming, Tom Horn, Red Rake, Felix Gaming, Habanero, and Playson.

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Johnny Ka$h Mobile Casino

Johnny Ka$h Mobile Casino works with any mobile device, including Windows, Android, Blackberry, and iOS smartphones and tablets. Johnny Ka$h Casino mobile players are also eligible to receive its generous welcome bonus of $2000 plus 75 free spins.

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To start playing at the mobile casino, you need a Johnny Ka$h Casino account. You can open an account either on your desktop computer or your smartphone or tablet. You have to login to your account and tap on a game icon to start playing it in your browser.

Since Johnny Ka$h Mobile Casino is similar to its desktop version, you can use it just as you use the desktop casino. You can create gaming accounts, make deposits and withdrawals, win progressive jackpots, and become a VIP player while playing on your smartphone or tablet.

Big Progressive Jackpots

Johnny Ka$h Casino offers a selection of 31 progressive jackpot games. These are games with jackpots that grow with every bet players place on the games. When you win a progressive jackpot, it is reset to its seed value, after which it starts growing again till a lucky player wins it.

On the downside, Johnny Ka$h Casino does not display the value of the jackpot on the game icon. You have to load the game to find out exactly how much you will win if you get lucky. However, we can definitely state that you will become richer by hundreds, thousands, or even millions if you hit the jackpot of one of these games.

Some of the most popular progressive jackpot games at Johnny Ka$h Casino are Diamond Wild, Reels of Wealth, Legend of the Nile, The Glam Life, A Night in Paris, and Charms & Clovers.

Many online casino players have won progressive jackpots and become very rich. However, you must understand that winning a progressive jackpot is not easy as progressive jackpot games have a high house edge. Experts recommend betting on a progressive jackpot game only when the jackpot has grown to a very large size. Also, you should avoid betting your entire bankroll on progressive jackpot games.

Other Bonuses & Promotions

Johnny Ka$h Casino does not stop at welcoming new players with a large welcome bonus that includes a package of free spins. You will find plenty of bankroll-boosting opportunities and incentives to deposit and play at the online casino. In addition, you get rewarded for your loyalty.

The following are the juicy details of each bonus offer and promotion at Johnny Ka$h Casino:

• New GamesJohnny Ka$h Casino introduces new games and special deals associated with these new games on a regular basis. You have to keep an eye on the online casino's promotions page to avoid missing a good deal. Some of the newest games at the online casino are Great Panda, Gladiator Arena, and Panther's Reign.
• Ka$h KingsYou will find a VIP Room at Johnny Ka$h Casino, where you can claim some exciting rewards for your loyalty. Called Ka$h Kings, it offers benefits such as exclusive VIP bonuses, no max betting limits, dedicated VIP hosts, monthly cashback offers, larger withdrawal limits, and faster payouts.
  You can become a VIP player at Johnny Casino only if you receive an invitation from the online casino. To increase your chances of receiving an invitation, you have to login frequently to the online casino, make large deposits, and regularly wager real money on the games.
• Johnny Jewels Loyalty ProgramJohnny Ka$h Casino rewards real money play with points. You can earn five Tier Points and five Jewels for every $20 you deposit in your account and one Tier Point and one Jewel for every $20 you bet on a game. You can later exchange the Jewel points for bonus money. You can use the Tier Points to achieve the following levels and unlock the benefits associated with that level:


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Customer Service and Support

Johnny Ka$h Casino has an exhaustive Frequently Asked Questions (FAQ) section. Since it provides detailed answers to commonly asked questions, you may find the required information in this section. The FAQ section provides answers to questions related to account creation & management, deposits & withdrawals, games, security, responsible gaming, and bonus offers.

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Johnny Ka$h Casino's customer support agents are not only prompt, but also helpful and friendly.

Deposit and Withdrawal Methods

Making deposits and withdrawals at Johnny Ka$h Casino is easy and secure. You can load your gaming account using Neosurf, Bank Transfer, or Visa & MasterCard credit/debit cards. Johnny Ka$h Casino supports currencies such as CAD, EUR, AUD, RUB, and NZD. You can play with any of these currencies.

When you want to withdraw your winnings, you can use your Visa credit card. Alternatively, you can request payout through bank transfer or International Wire Transfer.

Johnny Ka$h Casino conducts a verification to make sure that online casino winnings reach the right person. You have to co-operate with the online casino and submit copies of your identification documents on your account page. You can rest assured that the online casino stores your documents on secure servers and allows only selected members of its security staff to handle them.

The identification documents include the following:

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You can either upload copies of the above documents to your gaming account page or email them to the online casino.

Withdrawal Speed and Reversal Time

You can withdraw your deposits without using them to place bets if you wish, but you have to pay Johnny Ka$h Casino a fee of 10% in this case.

Johnny Ka$h Casino allows you to withdraw as much as $10,000 every week. If you want to withdraw via International Wire Transfer, you have to pay a fee of $35 and withdraw at least $100 at a time. But you can withdraw as little as $30 using the other methods.

The processing time at Johnny Ka$h Casino is 24 hours, but the exact time your winnings will take to reach you depend on your preferred withdrawal method.

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Summary

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