Crown Resorts has been given the green light to operate its Sydney casino after the NSW Independent Casino Commission determined it had 'cleaned out' its board and overcome serious money laundering concerns.
Crown can now finally begin operating its Sydney casino, three years after an inquiry found evidence the company had allowed money laundering to occur at some of its venues and unmasked serious failings by former directors.Crown Resorts has been given the green light to operate its Sydney casino after the NSW Independent Casino Commission determined it had"cleaned out" its board and overcome serious money laundering concerns.
Crown Resorts has been given an unrestricted license to operate its Sydney casino after New South Wales' Independent Casino Commission determined it had"cleaned out" its board and overcome serious money laundering concerns. Picture: Lisa Maree Williams/Getty Images Last month, regulators in Victoria handed Crown an unrestricted license to operate its Melbourne casino, foreshadowing Tuesday's announcement in Sydney, although the company acknowledged in a statement it still had further work to do in Perth.
"Today, Crown is one that understands the responsibilities of holding a casino licence both as to corporate governance and as to an ability to work alongside the regulator, in discharging its legal and social obligations. In a statement responding to the announcement, Crown Sydney CEO Mark McWhinnie thanked the regulator for working with the company to implement reform, while noting there was still further work to be done to meet community expectations.
Patricia Bergin Victoria Perth Money Laundering Blackstone Melbourne Philip Crawford NSW Crown Casino Bergin Inquiry Mark Mcwhinnie Sydney NICC
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW independent commission gives Crown Resorts the green light to operate Sydney casinoCrown Resorts has kept its license to run its Sydney casino after an independent commission said it was a vastly different business after a probation period.
Read more »
Crown Resorts finally gets the green light to run Sydney casinoThe Blackstone-owned gaming giant had been subject to a string of restrictions after a NSW inquiry called into doubt its ability to properly run a casino.
Read more »
'Changed business' Crown gets green light to run Sydney casinoThe NSW Independent Casino Commission announced today that the resort is now suitable to retain its licence.
Read more »
Clean-up continues as record-breaking downpours lash Sydney7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Sweeping arrests 'clean up' criminal group in Sydney, police sayAmong 16 arrested were the alleged masterminds of the drug-linked crime group, police say.
Read more »
Crown Resorts wins NSW licence in blow to struggling Star SydneyChief Commissioner of the NSW Independent Casino Commission, Philip Crawford, said Crown has come a long way and must now demonstrate its long-term commitment to maintaining suitability.
Read more »