Economy

NSW gaming regulator tells Crown to delay Sydney casino opening

NSW gaming regulator tells Crown to delay Sydney casino opening”

A Wednesday press statement from the ILGA cited remarks from its chair, Philip Crawford, indicating the authority was not in a position to consider a range of regulatory applications on matters such as "minimum bet limits","VIP membership policy", "gaming area boundaries" and what the body called the "close associates" of Crown Resorts.

"The NSW Independent Liquor and Gaming Authority has deferred its consideration of a number of applications required for the commencement of gaming operations at Crown Sydney until Febaruay 2021".

Crown Barangaroo is a 75 foot towering waterfront casino with a 350 room hotel. "They are not picking up the vibe", he said before Crown announce the delay.

Crawford added that he is not pleased with Crown Resorts' actions. "There is the potential for litigation, but I don't think this would be a good idea in this environment", he said.

"The Authority has found ongoing evidence before the Bergin Inquiry to be extremely concerning, that any gaming activity at the casino before the inquiry's findings are released in February 2021 and considered by the authority would pose unacceptable risks on the community against the public interest".

Crown Resorts' (CWN) Sydney casino has been barred from opening next month amid money laundering concerns. Crown had previously said it would suspend junket operations until 30 June next year. Crown Resorts' hopes to open its new Sydney casino next month have been quashed, after the NSW gaming regulator today requested the casino postpone the opening of its gaming operations.

Crown Resorts admitted in new statements submitted to the inquiry at 11pm on Tuesday that, "more likely than not", money had laundering occurred.

More news: Keanu Reeves Is As Johnny Silverhand In Cyberpunk 2077 Trailer

The company did not know about the transaction and had no power to stop it, he said.

A spokeswoman for the Victorian Commission for Gambling and Liquor Regulation told The Guardian that it does not now directly license junket operators.

Ms Bergin is chairing an inquiry by the NSW Independent Liquor and Gaming Authority (ILGA) seeking to determine whether Crown remains suitable to hold a restricted gaming licence in New South Wales. However, in the light of the strong evidence received by the ILGA regarding Crown's operations, an emergency meeting was held by the NSW liquor and gambling regulatory body. "A licensing regime for junkets could be implemented through amendments to the casino operators' internal controls or amendments to the Casino Control Act", he said.

Ahead of the ILGA's ruling, Crown had already suspended its trading on the Australian Securities Exchange.

Crown is still able to open the restaurant, bar, and other parts of the venue next month, but are not permitted to swing open the doors to any gaming facilities. That's the deadline for Commissioner Patricia Bergin to provide her final decision on Crown's fate and, if her comments during this week's meeting are any indication, the future doesn't look very bright for the long-standing, and once respected, casino operator.

Counsel assisting the inquiry has recommended findings that Crown and Mr Packer are not presently fit to be associated with the new casino.



Like this

loading...
loading...

Latest


21 November 2020
Meghan Markle court case: 7 surprising discoveries we learned
The documents revealed that she passed the secrets via a third party to the two royal insiders Carolyn Durand and Omid Scobie . The decision followed a hearing held in private, and Warby said the reason for the delay request should be kept confidential.

21 November 2020
Bigg Boss 14: Kavita Kaushik became captain of house for second time
Since it was nearly 24 hours into the task, Bigg Boss stopped the task and asked Rahul to choose a victor among Kavita and Jasmin. From taking personal jibes at one another to trash talking, both the contestants showed their endurance and strength in the task.

21 November 2020
Trump’s eldest son tests positive for coronavirus
Trump Jr. adds to the dozens of people associated with the president who have been infected by the virus, including Trump himself. President Trump, first lady Melania Trump and their son Barron have all recovered from their coronavirus infections in October.

21 November 2020
China says Five Eyes, including NZ, should face reality on Hong Kong
Mahuta stressed that New Zealand has a respectful relationship with China that is "maturing". The law criminalises insult and abuse of the anthem, the March of the Volunteers.

21 November 2020
South Australia scraps lockdown after ‘lie’ discovered
Stand-up consumption will once again be prohibited outdoors, and group bookings in hospitality venues will be capped at 10 people. Despite "deliberately" lying to authorities, it's been revealed the man will not face any consequences for his actions.

21 November 2020
SpaceX Dragon capsule reaches International Space Station
And so it is going to go, together with SpaceX - and finally Boeing - transporting astronauts to and from the channel for NASA. After safety checks and a few hours of waiting, the crew will be welcomed aboard the station by the current crew.

21 November 2020
U.S. election 2020: Biden says Trump denial 'sending terrible message'
Ben Sasse (R-Neb.) warned that the "wild press conferences erode public trust", adding that "we are a nation of laws, not tweets". In Michigan, Republican Senate Majority leader Mike Shirkey left on Friday morning to meet with Trump at the White House.

20 November 2020
Ebola outbreak declared over in DR Congo
The Equateur outbreak posed a massive logistical challenge for health and aid workers from WHO, local groups, and government agencies.

20 November 2020
Russell Westbrook Informs Rockets Front Office He Wants Out of Houston
James Harden is said to be "locked in" for next season and committed to the Rockets, The Athletic reported on Wednesday. Also departing is D'Antoni, who was replaced by longtime National Basketball Association assistant Stephen Silas .

20 November 2020
Colleagues defend United Kingdom interior minister accused of bullying
Earlier this week the former head of the civil service Lord Sedwill told MPs the investigation was now "with" the prime minister. The prime minister's press secretary, Allegra Stratton, insisted Johnson took allegations of bullying "exceedingly seriously".