This story was published more than 2 years ago.
Money laundering allegations have harmed Crown Resorts' attempts to operate a new Sydney casino, as a public inquiry issued a harsh rebuke of the company.
Crown built the casino property, but the casino portion has not launched to the public yet, and it appears that there will have to be significant changes at the corporate and cultural levels in order to be deemed fit to run the casino.
Former judge Patricia Bergin ran the probe, which ran for a year and saw an extensive link into money laundering rumours. The company reportedly worked with junkets to lure in VIP clients from overseas, and the tracing of finances from customers was less than ideal. Bergin's report found that Crown is not fit to run the new casino because of "deficient risk-management structures" and "poor corporate governance".
The report isn't binding, but will be sent to the Independent Liquor and Gaming Authority (ILGA) of New South Wales, who'll make a decision.
We're following this story and will be updating readers as we learn more.
 Roaring 21 Casino | Play |
 Slots.lv | Play |
 Everygame Casino | Play |
 Casino Extreme | Play |
 Slotland | Play |
 Bovada Casino | Play |
Comments
Oof. I have to figure Crown will find a way to slither through that though, right?
Oh for sure. No doubt they will do a bit of window dressing, fire a few people and bring in some new names, then say all the right things, and it will all get approved eventually. It is a pet project of James Packer and his family is used to getting whatever they want from Australian politicians.
Always play it safe! Consult our list of rogue casinos and warnings before depositing at a new casino.
Post in our forums to earn CLchips which can be used to buy real prizes in our CLchips shop.
Oh that's truly interesting. Have to agree with you guys, they're a known name and they'll surely figure out how to twist it in their favor. Without a doubt they'll make sure to have the casino section running too.