Crown's Sydney casino is at risk, but is it worth keeping?

Crown is one of Australia’s largest entertainment groups. It has businesses and investments in the integrated resort and entertainment sectors in Australia and Macau and wholly-owns and operates a high-end casino in London. Most Australian states have washed their hands of regulating casino junkets, despite the high-roller VIP gambling tours being a prime risk for money laundering and terrorism financing. Crown's casino licence now hinges on former Supreme Court judge Patricia Bergin's findings from the year-long investigation into the group, which was triggered by a series of reports by this But Crown’s licence to run the casino still hangs in the balance. If Crown loses the NSW licence, this could compel regulators in Victoria and Western Australia to revoke the group’s licences Crown casino group tells ASX it cannot explain 7.7% share fall Read more This leaves the 10 recommendations where Crown has yet to satisfy the VCGLR it has done enough. Crown’s casino licence now hinges on former Supreme Court decide Patricia Bergin’s findings from the year-long investigation into the group, which was triggered by a sequence of reviews by this masthead. The suggestions are due by February 1. Loading. Crown may lose the licence utterly, or have strict circumstances imposed. Changes to Crown’s administration and board may very well be Crown Resorts is amending how its whales make deposits to gamble, the latest effort by the Australian casino group to improve its poor reputation in preventing money laundering.

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