Call for Crown to be stripped of casino licence

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Star Entertainment Unfit to Hold a Sydney Casino License

Following a widespread inquiry into its operations, Star Entertainment Group has been deemed to not be fit to hold a casino license in Sydney. The New South Wales (NSW) Independent Casino Commission (NICC) on Tuesday published the report from Adam Bell SC. considering its options for disciplinary action in response to Bell's findings and…

Travel ・ 13 September 2022

Esports Betting

Aussies Crown Set To Slip With $100m Fine Possible

Crown Casino in Melbourne, Australia could be set to be hit with a fine of up to AU $100m after the Victorian Gambling And Casino Control Commission (VGCCC) began another raft of disciplinary proceedings against the casino. The state of Victoria had already completed their initial investigation into the goings-on at the casino, and as part of that…

Gambling Addiction ・ 05 July 2022

iGaming Business

Crown risks $100m fine in latest responsible gambling probe

This follows on from the state's initial investigation, but deals with findings that suggest Crown allegedly violated elements of the Responsible Services of Gambling regulations, rather than focusing on money laundering or links to groups suspected of organised crime. Victoria's Royal Commission first found Crown inadequate to hold a licence in…

Gambling Addiction ・ 05 July 2022

High Stakes

Crown Melbourne Casino Fined AU$80 Million for Illic...

Crown Melbourne has been fined a record-breaking AU$80m (USD 57.6m) for assisting Chinese gamblers in unlawfully transferring money out of the country. The findings originally surfaced during an inquiry by a royal commission investigating the Crown Resorts establishment. From 2012 to 2016, gamblers could utilize a China Union Pay bank card for…

Travel ・ 26 June 2022

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ABC Australian Broadcasting Corporation

Crown's Sydney casino to deliver $100m in extra tax revenue for NSW government in first year, experts say

Crown's Sydney casino is expected to deliver an extra $100 million in tax revenue to the NSW government in its first year, just a quarter of what its Melbourne venue delivers to Victoria's coffers. Crown was granted a licence to run its Sydney casino earlier this week Experts say the casino will make a quarter of what Crown Melbourne makes Crown…

Finance ・ 26 June 2022

Brisbane Times

Crown Barangaroo’s casino licence is critical to its survival in Sydney

But the world was a very different place in 2012, when Packer unveiled his grand plans with NSW premier Barry O'Farrell, and talkback radio king Alan Jones, providing the backing chorus. The casino mogul was still educating his fellow Crown investors, various state governments, and Australians at large, about the new phenomenon of Chinese tourists…

Gaming Authorities ・ 24 June 2022

ABC Australian Broadcasting Corporation

Crown could secure licence to open Barangaroo casino despite being found unfit by gaming regulator last year

Crown Resorts is on the verge of securing a licence to finally open its Sydney casino 15 months after being deemed "unfit" by the NSW gaming regulator. Last year the Bergin inquiry said Crown needed to make sweeping cultural changes if it wanted to be a suitable operator The inquiry investigated incidents of money laundering and links to…

Gaming Authorities ・ 03 June 2022

Vegas Slots Online

Star Hid AU$900m in Gambling Transactions From Banks

The Star allegedly lied to banks and categorized AU$900m (US$660.5m) worth of gambling transactions as hotel expenses. [Image: Shutterstock.com] The Star Entertainment Group allegedly hid AU$900m (US$660.5m) worth of Chinese gambling transactions from banks, an inquiry into the Australian casino company has heard. The operator disguised the money…

Gaming Authorities ・ 17 March 2022

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Golden Casino News

Crown Resorts approved to resume casino operation in Sydney

Crown Resorts may be on the verge of opening its real-money casino component of its $2.2 billion Crown Sydney Hotel Resort "in the next weeks," local media sites claim. The property swung open its doors for the first time towards the end of 2020, but casino operations were suspended following an Independent Liquor & Gaming Authority investigation…

Travel ・ 02 March 2022

European Gaming

Crown’s Barangaroo Casino to be Open Within Weeks

Crown Resorts' casino at its new Barangaroo property in Sydney is likely to be open on a conditional basis within weeks, the New South Wales regulator said. The Australian operator opened the new resort in December 2020, but was unable to open the gaming floors after being found to be unsuitable to hold a license in the state following revelations…

Gaming Authorities ・ 22 February 2022

AGB - Asia Gaming Brief

Crown Resorts' Barangaroo casino to be open within weeks

Crown Resorts' casino at its new Barangaroo property in Sydney is likely to be open on a conditional basis within weeks, the New South Wales regulator said. The Australian operator opened the new resort in December 2020, but was unable to open the gaming floors after being found to be unsuitable to hold a license in the state following revelations…

Travel ・ 18 February 2022

Real Money

Blackstone Poised to Become Biggest Aussie Gambling Operator

Private equity powerhouse Blackstone Inc. (BX) looks set to become the biggest gambling operator in Australia after it made an improved offer for Crown Resorts (ASX:CWN and CWLDY), which the casino company's board said shareholders should accept. That's unless a better offer comes in... I've written about this saga a couple times before,…

Travel ・ 14 January 2022

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Film Daily

Crown Melbourne Scandal Triggers Strict Changes to Gambling Legislation

The Government of Victoria has introduced in parliament the Casino and Gambling Legislation Amendment Bill 2021 to implement the recommendations of the Royal Commission, which had recently concluded an investigation of the operations of Crown Melbourne. If passed into law, the bill will overwrite the existing Victorian Commission for Gambling and…

Law ・ 13 November 2021

Vegas Slots Online

Australia: Crown Melbourne Gets to Keep Casino License

Despite being allowed to keep its casino license, Crown Melbourne will fall under strict and direct government supervision for two years following a Victoria Royal Commission review. [Image: Shutterstock.com] The government of the Australian state of Victoria has allowed operator Crown Resorts to keep its Melbourne casino license in response to the…

Travel ・ 26 October 2021

Forbes

Billionaire James Packer’s Crown Keeps Melbourne Casino License As Regulator Oversees Reforms

Australian regulators are allowing Crown Resorts -controlled by billionaire James Packer -to keep its license to operate its flagship Melbourne casino under the supervision of a government-appointed special manager who will ensure reforms are undertaken to address money laundering risks at the casino. While an independent inquiry by Victoria's…

Travel ・ 26 October 2021

Vegas Slots Online

Aussie Casino Giant The Star's Shares Fall on Illegalities Claim

The cycle of negative news for Australian gambling firms shows no sign of letting up after casino giant The Star Entertainment's shares fell on the back of a money laundering claim. Leading Australian online stockbroking firm CommSec took to Twitter on October 11 to share the news that The Star's shares had slumped by 22.9% on Monday: The sharp…

Gaming Authorities ・ 11 October 2021

The Sydney Morning Herald

Five bombshells that could blow away Crown’s Melbourne casino

As the future of Crown's sprawling Southbank casino hangs in the balance, these are the five problems he will be weighing up. Crown Melbourne made around $1.2 billion from its poker machines and table games every year before COVID-19 - excluding high rollers - and doing that "responsibly" is a key requirement of its casino licence. But it was…

Law ・ 09 July 2021

Daily Mail Online

How a married mum spent 96 HOURS straight at a casino playing baccarat

A married mother spent 96 hours playing baccarat at Crown Casino in a marathon gambling session before napping in front of poker machines, the Victorian royal commission into the gambling giant has heard. The former doctor, whose identity has been suppressed, played the popular card game across four straight days at the Southbank casino…

Baccarat ・ 10 December 2021

The Guardian

‘Shameful experience’: gambler lost $300,000 at Crown casino in two months

Binbin Du gambled at Crown Melbourne for at least eight hours every day, soon after his marriage broke down, losing $300000 in two months. During a two-month stretch from November 2019, he sometimes clocked up more than 15 hours straight on the gaming floor of the Southbank casino. But only once did a Crown staff member check on him. "It was a…

Sports ・ 29 June 2021

Market Watch

Australian Casinos Probed For Possible Anti-Money Laundering Law Breaches

SYDNEY--Australia's two largest casino operators are facing fresh scrutiny from regulators after the government's financial intelligence agency uncovered potential breaches of anti-money laundering law. Crown Resorts Ltd., which is already facing multiple investigations from Australian authorities amid disquiet over its business practices in Sydney…

Incidents ・ 07 June 2021

BBC

Sydney casinos to ban cash after money laundering scandal

Sydney's only two casinos will make their gaming operations cashless in a bid to stamp out money laundering. Regulators said The Star and Crown Sydney, which is yet to be opened, agreed to the unusual move on Thursday. It comes after an inquiry earlier this year found it was likely criminal activity had occurred at Crown Resorts' casinos in other…

Incidents ・ 15 July 2021

Real Money

Crown Shares Soar on Blackstone Bid for Aussie Casino Operator

Crown Resorts (CWLDY) shares won big on the ASX today, with the stock soaring 21.4% in Sydney trade. That's after the troubled casino operator on Monday said it had received an A$8.0 billion (US$5.4 billion) buyout bid from the world's largest private-equity investor, the Blackstone Group (BX). The offer from Blackstone, which already owns 9.99% of…

Travel ・ 07 May 2021

WA Today

‘Regular fishing trips’: WA chief casino officer stood aside over close contacts to Crown bosses

Mr Connolly stood aside on Friday after 6PR and WAtoday asked questions about the nature of those relationships on Thursday. The stand-down comes as WA's system of casino regulation is under scrutiny because of revelations of years of money laundering through Crown Perth, detailed in the NSW licence inquiry report handed down last week by retired…

Law ・ 15 February 2021

The Sydney Morning Herald

Sydney’s casino report released under privilege

The NSW government will release the findings of its long-running probe into Crown Resorts under parliamentary privilege so it can defend itself against potential defamation claims launched by the casino giant's executives. The precaution foreshadows potentially explosive findings in former Supreme Court judge Patricia Bergin's 800-page report into…

Gaming Authorities ・ 08 February 2021

Nation Online

Gambler punting on horses and NBA spent 15 hours a day at casino losing marriage $300k in TWO MONTHS

Punter lost his marriage, his property portfolio and $300000 betting at casino He'd spend up to 15 hours a day at the casino - but staff only intervened once By then it was too late and he says he was seriously addicted and beyond help He went from betting on horses to playing blackjack to VIP room baccarat table A gambler lost $300000 in just two…

Baccarat ・ 29 June 2021