Crown, Star and their regulators have tapped many consulting and law firms for advice, including Deloitte, Grant Thornton, Allen & Overy and McGrathNicol.
Consultants are cashing in on the money laundering and governance scandals plaguing Australia’s biggest casinos, with the gambling giants and their watchdogs each tapping a slew of firms toGovernment inquiries into Crown Resorts in NSW, Victoria and Western Australia between 2019 and this year left the gambling giant to clock up hundreds of millions of dollars in consulting and legal fees to both report to the reviews and then oversee remediation plans.
The NSW gambling watchdog, the Independent Liquor and Gaming Authority, also hired restructuring specialists Wexted Advisors to assist it in reviewing Star’s operations at its Sydney casino. This is on top of its contract with risk and governance consultancy Kroll to advise it on Crown.Forensic accountancy McGrathNicol also worked for the Victorian royal commission into Crown to complete a review into Crown’s response to money laundering risks.
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