By Fiona Simmons

Legal

NSW Inquiry: Crown AML Did Not Monitor Suspicious Bank Accounts

September 2, 2020

The public inquiry into the suitability for casino license of Crown Resorts for its new resort in Barangaroo  continued as the inquirers heard from Crown’s top legal officer casino’s anti-money laundering (AML) teams did not monitor a couple of bank accounts which have been suspected to have been used to clean dirty cash. Previously, Crown’s […]

By Jerome García

Legal

NSW Inquiry: Star Could Not Find Credible Evidence

August 5, 2020

Star Entertainment Group was the latest to feature in the inquiry initiated by the government in New South Wales (NSW) into the dealings of casino operator Crown Resorts with the junket firm Suncity. The ASX-listed group informed regulators that they switched Suncity to another part of the casino and tasked its internal anti-money laundering and […]

By Julie Moraine

Casino

Macau Gambling Industry Freefall Continues, July Revenues Sink

August 2, 2020

Casinos in Macau continue to suffer, a report of the Gaming Inspection and Coordination outlined. Gambling revenue in the Special Administrative Region (SAR) dropped again in July, 3.5% year-on-year, due to a slowdown in the Chinese economy, travel and visa restrictions and tempered demand for gambling from high-rollers, as well as the trade war between […]