#Melbourne

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Crown Casino in Melbourne, Australia could be hit with a fine of up to AU $100m. The Victorian Gambling And Casino Control Commission (VGCCC) has begun disciplinary proceedings against the casino. They found that Crown may have been in violation of several elements of the state’s Responsible Services of Gambling regulations.

VGCCC is investigating Crown Melbourne's responsible gambling obligations. The regulator can issue a penalty worth AU$100m, change the license status or censure Crown. The Royal Commission found a systematic pattern of breaches of the Responsible Gambling Code of Conduct. Victoria G gambling and casino control commission is a new watchdog. It will investigate the case for the foreseeable future. They want to send a strong message that no transgression will go unpunished. A casino license holder must do its best to protect vulnerable patrons. In Victoria, a casino licence holder can be revoked if it does not live up to the expected standard.

Victoria’s Royal Commission found Crown inadequate to hold a casino licence in the state in October 2021. The VGCCC has brought additional disciplinary proceedings against Crown. It claims Crown did not supervise or interact with customers with gambling problems. If found guilty, Crown could be fined up to AUS$100m and its casino license varied. It could also be censured and guided through a rectification process. In April 2022, the VGCC launched an investigation into Crown Melbourne after it devised a China Union Pay process that evaded restrictions on Chinese currency.

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Crown Melbourne has been fined AU$80m for assisting Chinese gamblers in unlawfully transferring money out of the country.

Crown's Sydney casino is expected to deliver $100 million in tax revenue to the NSW government in its first year. It's a quarter of what Crown's Melbourne venue delivers to Victoria's coffers.

In 2012, Packer was trying to attract big gamblers from Macau and Las Vegas to integrated resorts like Barangaroo and revamping of Crown Melbourne and its Perth casino. The high roller market was already turning over $30 billion a year in Australia. Crown took the lion’s share of this bounty by offering big punters access to a fleet of Gulfstream jets, limousines, luxury villas and exclusive entry to the Capital Golf Course. Whales were treated to private gaming “salons”, which enjoyed a special exemption from bans on smoking indoors.

The International Association of Gaming Regulators has released the program for its annual conference, taking place in Melbourne, Australia from 17 to 20 October. The program is available on IAGR’s website. This year”s speakers include: Michael Morton, Senior Policy Counsel, Nevada Gaming Control Board, Fran Thorn, Chair, Victorian Gambling and Casino Control Commission, Earle Hall, VC, International Gaming Standards Association & CEO @ AXES.ai, Andrew Rhodes, CEO, G gambling Commission United Kingdom, Professor Sally Gainsbury, Director, Brain and Mind Centre, University of Sydney, Stephen Bryan, QC, Special Manager for the Melbourne Casino Operator and Paul Buck, the CEO of Epic Risk Management.

It is possible to win a car from the casino at the 1 dollar minimum deposit in Australia. BMW, Mercedes-Benz, Audi and Lexus are some of the most popular brands of cars that can be won at casinos.

Stake, an Australian-founded and led crypto casino, has signed a multi-year deal with Everton FC to become its main sponsor. The deal comes shortly after Drake was signed as its global brand ambassador. Stake was founded in 2017 by American-Australian Bijan Tehrani and Melbourne-based Ed Craven. It handled over $US100 billion in bets and sports bets. Everton avoided relegation this year after a poor season. The club is also in financial strife due to losing a host of sponsors linked to Uzbek billionaire Alisher Usmanov.

The rules for electronic gaming machines at the Melbourne casino have been changed to reduce harm.

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In Australia, slot machines are everywhere and gambling addiction is common. One by one, the men and women recounted lives ruined, relationships severed and bank accounts emptied.

NSW Regulator is investigating Marlow Hotel Group-owned venues and their practices to entice chronic poker machine addicts with alcohol and cash.

Star set up a secret gambling room for criminal gang-linked junket operator Suncity and hid Sun City’s illegal cash cage from the NSW casino regulator. Crown sold the Chinese billionaire Huang Xiangmo $1.7 billion worth of chips over five years until 2018. Martin incorrectly claimed legal privilege to refuse requests from financial crime watchdog AUSTRAC to provide a copy of a bombshell report on money laundering through its Sydney casino.

Perth Casino Royal Commission found Crown not suitable to hold WA's only casino licence. It gave Crown two years to fix its problems. The commission also recommended that the government should continue to ban poker machines. The government accepted the commission's 59 recommendations. They will not commit to regular reviews of the casino license at least every five years. There will be no weakening of a ban on poker machine. In Victoria, a QC will take charge of Crown Melbourne. Mr Buti said the priority reforms are to give more powers to the Casino Watchdog and improve its independence. He also said there will no change to a law that bans poker.

The Star allegedly lied to banks and categorized AU$900m (US$660m) worth of gambling transactions as hotel expenses.

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.

Crown Resorts' casino at its new Barangaroo property in Sydney is likely to be open on a conditional basis within weeks. The Australian operator opened the new resort in December 2020, but was unable to open the gaming floors after being found to not be suitable for a gaming license. Crown has replaced its board of directors and overhauled its corporate procedures in the fields of financial crime, risk, compliance and responsible gaming. The company reported its half year results on Feb. 17.

Macao is getting tougher on its casino scene as part of an effort to control crime and capital outflows. Draft gaming bill pending in the Macao Legislative Assembly would stop casino operators from issuing junket licenses and share revenue with any gambler-to-casino intermediaries. It would limit the number of newly licensed casinos to six, with terms of 10 years, half the current time. Mainland Chinese tourists, the top source of casino revenue, had taken so much cash to the offshore territory by 2013 that China began tightening rules to curb money laundering.

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Everi Holdings Inc is set to acquire a leading-edge software gaming platform, Atlas casino. The acquisition is scheduled to be completed within 60 days. It will help Everi penetrate the Australian market. The deal is not without a backstory. Everis will acquire strategic assets and retain key members of Atlas.

Blackstone Inc. is offering A$13.10 per share for Crown Resorts. The offer is 4.8% higher than the previous one. It's conditional on approval from the board and state gambling regulators. Crown's gambling license was suspended in December 2020. It is the largest employer in Victoria State, where it runs the biggest casino in the southern hemisphere. Its share price has never looked like a gambling operator that isn't allowed to run gambling halls. it's too big to fail. If successful, Blackstone will become the biggest gambling Operator in Australia.

Aussies spend approximately $19 billion annually on casinos. The industry is valued at $225 billion in 2019. Online casinos in Australia started with the advent of the internet in the early and mid-1990s. Most gambling regulations in Australian are passed by the states. The top 6 best online real money casinos are listed here.

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Crown Resorts and its regulatory overseer are working together to launch Crown Sydney’s casino in early 2022.

Easygo Gaming is a successful start-up based in Melbourne. The founders of Easygo are behind Stake.com, the world's biggest online cryptocurrency casino. St.ake is also the shirt sponsor of Watford. It is registered and licensed in Curacao and operates from Australia. Anti-gambling advocates are concerned about the operation. Online casinos have been banned in Australia for more than 20 years. It's legal to operate an online casino from the country as long as it does not serve people in the Australia or advertise here. Some of the games Easygos develop are casino games for Stakes.

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A young Downer man and a St Albans player have each won $15 million in last night's Oz Lotto draw. They will receive their prizes on Wednesday 22 December.

A young Downer man and a St Albans player have each won $15 million in last night's Oz Lotto draw. They will receive their prizes on Wednesday 22 December.

Some casino-goers have lost a lot of money gambling. Tarwinder Shokar lost $342,000 to the Ceasars Windsor in 2013. He is suing the casino and the Ontario Lottery and Gaming Corporation for allowing him to continue playing despite his gambling problems. Arelia Taveras lost nearly $1 million in Atlantic City casinos. She filed a $20 million lawsuit against one Las Vegas and six Atlantic State casinos in 2008. Harry Kakavas had losses upwards of $ 20 million. Casino Association of New Jersey president Joe Corbo says employees undergo training to locate abusive behavior.

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There are 4.2 billion people who gamble at least once per year. Australia is a country with the most gamblers. Australians wagered above $916 per capita in 2014. They love playing games of luck and slot machines. Many countries have banned gambling. The most popular gambling place is in Australia.

Fran Thorn has been appointed as the inaugural Chair of Victoria's new gambling regulator. She will help establish the Victorian Gambling and Casino Control Commission (VGCCC) for three years starting 1 January 2022. The new regulator takes over regulation from the Commission for Gabbling and Liquor Regulation. Alcohol regulation will be transferred to the Department of Justice and Community Safety.

Blackstone has renewed its offer for Crown Resorts. The main condition of the bid is that Crown keeps its three casino licences. Star withdrew its earlier $12 billion merger proposal with Crown in July. The big question is whether James Packer will be amenable to the offer. He usually only accepts offers that begin above $13 a share. A bidding war would be the ideal solution for shareholders.

Nagasaki Prefecture finalized a contract with gambling enterprises Austria Foreign Japan on 30 August for the development of an integrated hotel at Huis Ten Bosch at Sasebo area, Nagasaki.

The Government of Victoria has introduced in parliament the Casino and Gambling Legislation Amendment Bill 2021 to implement the recommendations of the Royal Commission.

A Queensland mother and 10 Victorians have won the $50 million Oz Lotto jackpot on Tuesday night. The mother from Mackay bought her winning ticket online.

A tribunal in London has sided with a former worker of a Crown Resorts-owned casino in Mayfair. The tribunal found the business guilty of race discrimination.

Gambling is everywhere in Australia. It's part of the national identity. There are gambling ads everywhere. It has become part to what it means to be an Australian. The ads normalise gambling. They are everywhere you look. In sport, there is a blackout. But there are still gambling advertisements.

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Crown Resorts' Melbourne casino has been accused of misconduct. Ray Finkelstein's report found it facilitated money laundering, failed to stop addicts from gambling excessively and underpaid state gambling taxes. The report recommended installing a special manager to clean up the casino. However, the Victorian government agreed to pay Crown up to $200m if it removed the company's casino licence or imposed conditions on it. In New South Wales, Crown will not be given a licence to open its high roller casino in the $1.7bn Barangaroo tower until it has satisfied an expert that it's reformed itself.

The Star Entertainment has inked a US$185.9m sale and leaseback deal with Charter Hall for its Treasury Hotel and Casino in Brisbane.

Crown Melbourne will be under strict government supervision for two years.

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Spotlight on gambling harm will be held online next week to mark Gambling Harm Awareness Week. Keynote speakers will discuss the impact of gambling on young people. The event is on Monday, October 18, 1.30-3pm via Zoom.

The Star Entertainment's shares fell on the back of a money laundering claim.

Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years. The Star Entertainment Group runs casinos in Sydney, Brisbane and the Gold Coast. It cultivated high-roller gamblers who are allegedly associated with criminal or foreign-influence operations. They were wooed by Star with luxury goods, free hotel rooms and other incentives. The firm’s failings are exposed in internal company documents, court cases and law-enforcement intelligence briefings.

There was a significant spike in online gambling in Australia in September.

Online gambling boom in Sydney and Melbourne is of concern. Online gambling in the two major cities was up 329% above normal levels during the recent lockdowns. The government has a role to play in this matter.

Westpac has extended its digital gambling block feature to two million debit card customers of its St George, BankSA and Bank of Melbourne subsidiaries. The feature has already been activated more than 30,000 times since it first went live. The bank is extending the block to more cards and automatically applying it to all debit cards under the age of 18.

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The NSW ILGA has announced a review into the operations of The Star Sydney casino resort.

Crown Resorts has reported a loss of AU$261.6 million (U$191.2 million) in the 12 months to 30 June 2021. Revenue fell 31.3% year-on-year to AU $1.54 billion ( U$1 billion) with limited operations at both Crown Melbourne and Crown Sydney seeing EBITDA fall 77.4% to $83.1 million. VIP play contributed just AU600,000 ($439,00) compared with AU-352.5 million a year earlier. Online gaming arm Crown Digital grew 8. 5% and EBTDA rose 46. 3%.

Online casinos are a good substitute for land-based casinos. Some countries have legalized online gambling. The casino industry has switched to the online version since the land based casinos have been banned or restricted in certain areas. There is also high taxation money required to be paid to continue operating land Based Casinos.

The Interactive Gambling Amendment to prohibit the use of credit cards for gambling seems to be on track for passage in the Senate. Tabcorp has dropped its opposition to the amendment.

Cricket Victoria has renewed its partnership with the Victorian Responsible Gambling Foundation for one more year. The renewed partnership is aimed at reducing children's exposure to sports betting promotional content. Foundation CEO Shane Lucas said it is critical that young people have an opportunity to enjoy sport without associating it with gambling. One in three bets placed by young men aged 18-24 years and participation by women rising. Cricket Victoria CEO Nick Cummins said the partnership will have important long-term benefits.

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Ahmed Hasna is suing Australia's Crown Resorts casino group for AU$4.5m (US$3.3m) Hasana has a serious gambling addiction.

The future of Crown's Southbank casino in Melbourne hangs in the balance.