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Casino
June 9, 2023
Blackstone Group Signals Confidence in Crown Melbourne Property
As a result, Blackstone will be investing in what it sees as a much-needed renovation in Crown Melbourne, following the $6.5-billion acquisition of Crown Resorts last year. This was carried out amid increased pressure on the property, as it faced probes into various offenses and breaches of Australia’s gambling laws. Blackstone Outlines Future Success of […]
Legal
May 30, 2023
Crown Reaches AU$450M AUSTRAC Settlement for AML/CTF Breaches
The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today that an agreement with Crown Resorts over a financial penalty has been reached, and the casino operator agreed to pay AU$450 million ($293.4 million) for its breaches. Proposed Penalty Appropriate in All Circumstances The joint submissions filed by Crown Melbourne and Crown Perth with the […]
Casino
May 5, 2023
VGCCC Issues Mandatory Limits on Players at Crown Melbourne
The Victoria casino gaming regulator, the Victorian Gambling and Casino Control Commission (VGCCC) has issued a new formal director to Crown Melbourne, which will now have to comply with several important measures. VGCCC Introduces New Rules for Crown Melbourne Among those are obligatory implementations of mandatory carded play, mandatory time and spend pre-commitments for players […]
Legal
April 28, 2023
Crown Resorts Fined $19.9M for Allowing Gambling with Uncleared Cheques
Crown Resorts, one of Australia’s largest casino operators, has been fined AUD30 million ($19.9 million) by the Victorian Gambling and Casino Control Commission (VGCCC) for allowing patrons to gamble with uncleared bank cheques over the course of more than two decades. The VGCCC investigation found that Crown allowed thousands of punters to sign over uncleared […]
Casino
April 3, 2023
The Crown Melbourne To Enforce Mandatory Breaks for Patrons
The Victorian government has joined Western Australia in its efforts to minimize gambling harm at the troubled Crown Casino. The Royal Commission recently recommended betting and time limits for Crown Perth in Western Australia, and authorities in Victoria have already mandated similar measures for the operator’s Melbourne branch. Patrons must take mandatory breaks every few […]
Casino
March 28, 2023
Crown Resorts Reports GoAnywhere Data Breach
The leading entertainment group, operator, and developer of integrated resorts from the land Down Under has announced that a ransomware group had reached out to them with claims of accessing “a limited number of Crown files”. The incident occurred during a file transfer procedure via the GoAnywhere platform. The latter offers managed file transfer software […]
Casino
March 17, 2023
Western Australia Wants to See Betting and Time Limits at Crown Perth
In a report by Asgam, the Royal Commission has deemed it appropriate to put forward for discussion a ream of proposals that would make Crown Perth more secure and less likely to commit offenses in the future. Royal Commission Takes Good Look at EGMs Among those recommendations is a suggestion to put a mandatory AU$10 […]
Casino
March 6, 2023
IAG: Victorian Regulator Prepares for Worst Case Scenario in Crown Melbourne Saga
Crown Melbourne the Victoria-based property, which is currently under a special supervision regime, is expected to be restored to full operations early next year. Before this happens, however, the Victorian Gambling and Casino Control Commission would have to decide on the operator’s suitability first. VGCCC Prepares for Transition-out Plan Should Crown Melbourne fail, though, the […]
Legal
February 15, 2023
Australian Judge Reprimands AUSTRAC for Delays in Crown Case
The financial crimes regulator is suing the casino operator for numerous breaches of anti-money laundering laws. Judge Lee Criticizes AUSTRAC for Not Taking the Crown Case Seriously The Australian Financial Review reported that Justice Michael Lee expressed his surprise that AUSTRAC agreed to Crown’s request to delay the settlement on agreed facts and admissions until […]
Casino
December 13, 2022
Crown Perth CEO Tsai Steps into the Office
In October, Australian casino giant Crown Resorts named David Tsai as the new chief executive officer of its property in Burswood, Crown Perth. Yesterday, Tsai officially stepped into the office and released a statement on his plans for the casino. Tsai Steps into the Office Tsai was formally welcomed to the company with a traditional […]
