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Crown Melbourne

VGCCC imposes record fines totalling $120 million on Crown Melbourne for Responsible Service of Gambling breaches

 The HALLO ECHO
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  The Victorian Gambling and Casino Control Commission (VGCCC) has taken disciplinary action against Crown Melbourne for failing its Responsible Service of Gambling obligations, imposing two fines totalling $120 million. The Royal Commission into the Casino Operator and Licence found that Crown: breached its code of conduct for the Responsible Service of Gambling over many…

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AUSTRAC Launches Legal Action Against Crown for Alleged AML, CTF Breaches

 The HALLO ECHO
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  The Australian Transaction Reports and Analysis Centre (AUSTRAC) has commenced civil penalty proceedings in the Federal Court against Crown Melbourne and Crown Perth for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. This action follows proactive compliance work with the casino sector which led to a number of…

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Crown Unsuitable to Operate Melbourne Casino, Retains Licence

 The HALLO ECHO
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  Crown Resorts has been found unsuitable to operate Crown Melbourne, but the company will retain its licence, and will be subject to stricter oversight. Victoria’s Royal Commission into Crown has found the operator unsuitable to continue to hold the licence under the Casino Control Act, and an unsuitable associate of Crown Melbourne. But Commissioner…

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Crown Resorts Presents Final Submissions to Victorian Inquiry

 The HALLO ECHO
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  In its closing remarks to the Victorian Royal Commission, Crown Resorts has stated it is an integral part of Victoria’s economy, adding that the company has paid at least AU$1.4bn ($US1.04bn) in taxes since 2014. The operator added that Crown Melbourne employed more than 12,000 people, according to The Canberra Times. However, the company…

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AUSTRAC CEO Says Casinos Must Oversee Junket Compliance

 The HALLO ECHO
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  Nicole Rose, CEO of Australia’s financial crimes watchdog AUSTRAC, has stated that it is the responsibility of casino operators rather than regulators to oversee the operations of junket operators operating within their gaming facilities. According to a report by News Corp, Nicole Rose made the claim during a Senate estimates hearing at which she…

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