May 25, 2021
In the southern Australian state of Victoria and the royal commission investigating the license suitability of casino operator Crown Resorts Limited has reportedly heard damning evidence regarding the firm’s stance on allegations of money laundering.
According to a report from News Corp Australia, the Melbourne-headquartered company was denied a casino license for its new Crown Sydney property in February after an official probe commissioned by the New South Wales Independent Liquor and Gaming Authority determined that it may have been complicit in a slew of money laundering offenses tied to its use of foreign junket firms. The source detailed that this prompted the government for the neighboring state of Victoria to initiate an analogous examination looking into the operator’s license for the giant Crown Melbourne development.
Annexation rebuff for Crown Resorts Limited
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Crown rejects Blackstone offer, requests more information on Star bid
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May 13, 2021
In Australia and The Star Entertainment Group Limited has reportedly followed rival casino operator Crown Resorts Limited in agreeing to stop the use of junket firms in order to attract high-value foreign players to its New South Wales property.
According to a report from Inside Asian Gaming, the move from the Brisbane-headquartered company comes a little over four months after Crown Resorts Limited was refused a gaming license for its new Crown Sydney development owing to concerns that it may have been complicit in a slew of money laundering offenses tied to its own utilization of such junkets. The source detailed that this licensing decision from the New South Wales Independent Liquor and Gaming Authority could be revisited before the end of the year so long as the operator has implemented a number of recommendations earlier laid out by an independent investigation chaired by former New South Wales Supreme Court Judge Patricia Bergin.