Opinion: The public inquiry in NSW into the operations of Crown Resorts is testing the reputation of one of Australia's top 100 listed companies and its licence to operate in Sydney's Barangaroo as a high-roller casino | Ageinvestigates
as part of an attempt, illegal under Chinese law, to supercharge its high-roller program.
Rather than signing the advertisement and ASX statement, the directors should have been more focussed on doing all they could to discover how Crown had formed high-roller business partnerships with suspected Triad crime bosses and alleged sex traffickers, and how its managers had opened bank accounts likely to have been used to launder dirty money.
The inquiry will likely also call for an overhaul of the way casinos are regulated in Australia, with a focus on new laws to ensure more is done to keep organised crime out of the high-roller rooms. But this should not just be the work of an inquiry in NSW when Crown’s main casinos are in Melbourne and Perth.The Victorian gaming regulator, led by Catherine Myers since 2015, has by any measure failed to do its job.
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