In an effort to placate gaming authorities in New South Wales and demonstrate its fitness to manage its new Sydney casino, Crown Resorts has opted to cut connections with all junket promoters.
This decision coincides with the Independent Liquor and Gaming Authority’s (ILGA) ongoing evaluation of Crown’s suitability to retain a gaming permit for its opulent Crown Sydney complex in Barangaroo.
Although the $2.2 billion casino is slated to debut in December, the investigation has already uncovered testimony that casts doubt on Crown’s capacity for responsible operation.
Earlier this week during the proceedings, Crown’s legal representative, James Young SC, contended that Crown’s “unintentional lapses” should not disqualify it from overseeing the casino.
In its most recent endeavor to restore its standing, the corporation declared it would suspend all dealings with junket promoters until June 2021.
“The Board has resolved that Crown will discontinue engagement with all junket promoters, contingent upon any mutually agreed-upon transitional measures with gaming regulators in Victoria, Western Australia, and New South Wales,” Crown stated in an announcement.
“Crown will only reinstate collaboration with a junket promoter if that promoter is granted a license or otherwise endorsed by all gaming regulators in the jurisdictions where Crown conducts business.”
Crown further noted that it had already initiated discussions with gaming regulators in NSW, WA, and Victoria.
The inquiry’s commissioner is anticipated to present his concluding report in February 2021.
The prominent entertainment company, Crown Resorts, is presently facing scrutiny from a pair of regulatory organizations: AUSTRAC, tasked with addressing financial misconduct within Australia, and the Victorian Gambling and Casino Control Commission.
