Crown Resorts Pays $125 Million to Settle China Arrests Lawsuit

Crown Resorts will pay AU$125m (US$94m) to settle a class action lawsuit brought by its shareholders. The lawsuit follows the arrest of 19 Crown Resorts employees in China for illegal marketing practices. Jason O'Connor, a senior executive at Crown Resorts, was among those arrested. The scandal led to a 14% drop in Crown Resorts' share price. Crown Resorts expects to recover a significant portion of the settlement from insurers. Crown Resorts has faced multiple issues including links to organised crime, money laundering, and irresponsible gaming practices.