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Crown Resorts

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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BERGIN REPORT UPDATE RE CROWN’S BARANGAROO CASINO

 The HALLO ECHO
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  The NSW Independent Liquor & Gaming Authority has reached agreement with Crown Resorts on several matters regarding operation of the Barangaroo casino. Crown has agreed with the Authority to: pay a proportion of the costs of the Bergin Inquiry, immediately commence payment of the Casino Supervisory Levy, not operate any international junket operations, make…

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NSW Regulator: Crown Likely to Regain Sydney Licence This Year

 The HALLO ECHO
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  New South Wales chief gaming regulator Philip Crawford has said that the reinstatement of Crown Resorts’ license in New South Wales is a “realistic prospect.” Since the ILGA officially declared Crown Resorts unsuitable to hold a state licence for its Crown Sydney casino, the casino operator has begun an attempt to put its ship…

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Victorian Government Announces Royal Commission into Crown Casino

 The HALLO ECHO
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  The Victorian Government has announced the establishment of a royal commission into Crown Resorts, to test the operator’s suitability to hold its Melbourne casino licence. Former Federal Court judge Raymond Finkelstein, QC, will lead the inquiry. The Government had previously established a review into Crown’s suitability, which will occur in parallel with the royal…

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AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns

 The HALLO ECHO
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  AUSTRAC, Australia’s financial crime watchdog, has launched a formal investigation into potential infringements of the country’s anti-money laundering laws by Crown Resorts. In a Monday morning filing with the Australian Securities Exchange, Crown revealed that it had been informed of the investigation by AUSTRAC after the authority’s Regulatory Operations branch identified potential non-compliance by…

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