Public Inquiry Deems Crown Resorts Unfit to Run Casino

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.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
3 replies • Last post

Comments

usbarbadosslim93
Forum AngelForum Angel
barbadosslim93's picture
Location: Michigan
Joined: 28 Jan 2011
Posts: 12730
Thanks given: 757
Thanks received: 1846
9 February 2021 - 3:20pm
#1

Oof. I have to figure Crown will find a way to slither through that though, right?

auCL-Ed
StaffStaff
CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
Posts: 9756
Thanks given: 5726
Thanks received: 4936
10 February 2021 - 5:22am
#2

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.

lvblck
Forum AngelForum Angel
Location: The North
Joined: 6 Apr 2016
Posts: 3231
Thanks given: 217
Thanks received: 943
10 February 2021 - 10:35pm
#3

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.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.