CWN 0.00% $13.09 crown resorts limited

Take On China Inc. At Your Peril, page-34

  1. 113 Posts.
    Ten more held in China hit on Crown Resorts

    China’s crackdown on James Packer’s Crown Resorts has widened, with 10 Chinese organisers of junkets licensed by the casino operator to bring high rollers to its Australian properties now believed to be in custody.

    A day after 18 Crown employees in China were detained in lightning raids across the country, police moved on 87 Crown customers, inviting them to “take tea” — or present themselves for questioning.
    Ten of them, who are organisers of junkets, were detained and remain in custody, The Australian understands.

    An industry insider said Crown customers were furious that the company’s database was reportedly in the hands of Chinese authorities, following their seizure of the employees’ computers and smartphones during the arrests.

    It also emerged yesterday that a Crown executive was warned by a customer based in Shanghai, two weeks before authorities acted, that trouble was brewing. The arrests, in co-ordinated nationwide raids, took place overnight on October 14.

    The Crown team had been tracked by authorities for about a year, the insider said.

    http://www.theaustralian.com.au/bus...k=0b4c9d4b70196bea36319539b0d58346-1477427496
 
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