{"id":100,"date":"2024-06-14T08:25:54","date_gmt":"2024-06-14T05:25:54","guid":{"rendered":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/14\/monarch-entertainment-settles-94-million-lawsuit-over-china-gambling-strategy\/"},"modified":"2024-06-17T13:21:25","modified_gmt":"2024-06-17T10:21:25","slug":"monarch-entertainment-settles-94-million-lawsuit-over-china-gambling-strategy","status":"publish","type":"post","link":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/14\/monarch-entertainment-settles-94-million-lawsuit-over-china-gambling-strategy\/","title":{"rendered":"Monarch Entertainment Settles $94 Million Lawsuit Over China Gambling Strategy"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Y0sJ2jc3Awk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Monarch Entertainment has come to an agreement with investors, resolving a $94 million class action lawsuit concerning the firm&#8217;s promotional strategies in China. <\/p>\n<p>Initiated in 2017, the legal action claimed that Monarch neglected to adequately inform about the hazards connected to its assertive pursuit of wealthy gamblers in China, a nation where wagering is predominantly prohibited. This course of action culminated in the apprehension of 18 Monarch staff members in 2016 and a substantial decline in the company&#8217;s stock value.<\/p>\n<p>Investors contended that Monarch should have exhibited greater openness regarding the possible repercussions of its conduct, particularly considering China&#8217;s intensified efforts to suppress overseas businesses promoting gaming activities.<\/p>\n<p>Although Monarch asserts its innocence, it has consented to settle the lawsuit to avert additional legal expenditures and disruptions. The resolution is still pending judicial authorization. <\/p>\n<p>The directors at Crown Resorts have concluded that agreeing to this resolution is the optimal course of action for the firm and its investors. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monarch Entertainment has come to an agreement with investors, resolving a $94 million class action&#8230;<\/p>\n","protected":false},"author":86,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monarch Entertainment Settles Lawsuit Over China Strategies<\/title>\n<meta name=\"description\" content=\"Monarch Entertainment has settled a $94 million class action lawsuit regarding its promotional tactics in China. 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