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Crown Resorts Retains Sydney Casino License After Remediation Efforts

Crown Resorts has successfully retained its casino license in Sydney following an evaluation by authorities in New South Wales, who deemed the group's remediation efforts satisfactory. The New South Wales Independent Casino Commission (NICC) acknowledged Crown Resorts' comprehensive transformation of its business, implementing extensive reforms across various areas including harm minimization, financial crime, governance, compliance, and risk management.


Crown Resorts Retains Sydney Casino License After Remediation Efforts

In a statement released by the company, Crown Resorts highlighted its investment of approximately AU$200 million ($130 million) in the transformation process. This investment facilitated the introduction of rigorous standards aimed at deterring and detecting money laundering, reflecting the company's commitment to preventing financial crime.

 

Among the initiatives undertaken by Crown Resorts is the implementation of its harm minimization program, Crown PlaySafe, as well as the adoption of cashless gaming on all electronic table games (ETGs). Mark McWhinnie, CEO of Crown Sydney, expressed satisfaction with the NICC's decision, emphasizing the genuine and sustainable changes made by the company and its commitment to upholding the highest industry standards.

 

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Ciarán Carruthers, CEO of Crown Resorts, highlighted the extensive transformation undertaken by the company over the past two years, describing it as a monumental effort unlike anything seen before in corporate Australia. Despite this positive development, Crown Resorts remains under scrutiny, with ongoing probes into its operations in other regions.

 

Authorities in Victoria have also confirmed the group's suitability for a gaming license in Melbourne. However, attention remains focused on Crown Resorts' operations in Perth amid ongoing investigations. The decision to allow Crown Resorts to retain its Sydney casino license underscores the significance of its remediation efforts and signals a commitment to operating responsibly within the industry.

By fLEXI tEAM

 

 

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