Crown Resorts demanda a la aseguradora por un acuerdo de escándalo de casino de 72,5 millones de dólares australianos | WinBar VIP
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Crown Resorts demanda a la aseguradora por un acuerdo de escándalo de casino de 72,5 millones de dólares australianos

Category: Crypto Casino Alpha Source published: Collected: Source: Casino.org
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Crown Resorts demanda a la aseguradora por un acuerdo de escándalo de casino de 72,5 millones de dólares australianos
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Story summary

El gigante australiano de los casinos Crown Resorts está demandando a una aseguradora que, según afirma, debería ayudar a cubrir un acuerdo de demanda colectiva de accionistas de 72,5 millones de dólares australianos vinculado a sus escándalos de blanqueo de dinero y gobernanza. Crown presentó la demanda contra RiverStone International en la Corte Suprema de Victoria, acusando al

📌 Key Highlights & Takeaways

  • El gigante australiano de los casinos Crown Resorts está demandando a una aseguradora que, según afirma, debería ayudar a cubrir un acuerdo de demanda colectiva de accionistas de 72,5 millones de dólares australianos vinculado a sus escándalos de blanqueo de dinero y gobernanza.
  • Crown presentó la demanda contra RiverStone International en la Corte Suprema de Victoria, acusando al

Australian casino giant Crown Resorts is suing an insurer it claims should help cover an A$72.5 million shareholder class-action settlement linked to its money laundering and governance scandals.

Crown filed the lawsuit against RiverStone International in the Supreme Court of Victoria, accusing the insurer of refusing to pay under excess insurance policies that Crown says cover the settlement.

The settlement resolved a shareholder class action filed in 2020 after Crown’s share price tanked because of revelations about anti-money laundering (AML) failures.

The lawsuit alleged Crown made misleading statements about its compliance with AML regulations and failed to properly disclose problems involving its VIP international business and junket program. Crown agreed to the A$72.5 million (US$51 million) settlement last year without admitting liability.

Crown held multiple layers of directors and officers insurance designed to protect the company and its executives against legal claims.

Its primary insurer, AIG, paid A$7.5 million ($5.3 million) before that layer of coverage was exhausted, according to the Sydney Morning Herald.

RiverStone held 50% of the risk on Crown’s fourth- and fifth-layer excess policies but has declined to pay, prompting Crown’s lawsuit.

Crown claims RiverStone and other insurers instructed the casino operator to act as though it were “uninsured” while negotiating the shareholder settlement.

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Source: Casino.org.

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