Court chides Crown over high rollers - 2004-02-09
Melbourne's Crown Casino has won the most recent
round of its legal battle with China's fifth-richest man over a disputed $1.34 million but taken a heavy hit from judges for slackness applying financial controls which are supposed to prevent fraud, tax evasion and money laundering.

In a ruling late last month, a full bench of the Federal Court rejected an appeal by the Shanghai property tycoon Eddie Ye Lipei against a judge's earlier finding for Crown. But justices Ronald Sackville, Bradley Selway and Bruce Lander sharply criticised Crown's failure to comply with statutory and regulatory requirements in documenting the financial transactions of high rollers like Mr Ye.
Read the full story at Sydney Morning Herald

Boyd to buy Coast Casinos - 2004-02-09
Casino operator Boyd Gaming Corp. Monday said it consented to purchase closely-held Coast Casinos Inc. for $820 million in cash and stock.

Boyd will also take on $460 million in debt as part of the agreement and issue roughly 19.4 million shares to Coast shareholders.

Coast Casino shareholders will get about $495 million in cash and about $325 million worth of Boyd shares, the Las-Vegas based companies said in a statement. Boyd, which owns the new Borgata casino in Atlantic City with MGM Mirage, said the merger will immediately add to its earnings.
Read the full story at CNN