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Coronavirus consequences for Australian casinos

Coronavirus consequences for Australian casinos
worldcasinodirectory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcasinodirectory.com Daily Mail and Mail on Sunday newspapers.

Crown Resorts Limited sweetener from Oaktree Capital Management LP

Crown Resorts Limited sweetener from Oaktree Capital Management LP
worldcasinodirectory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcasinodirectory.com Daily Mail and Mail on Sunday newspapers.

Victoria trouble for Crown Resorts Limited

May 25, 2021 In the southern Australian state of Victoria and the royal commission investigating the license suitability of casino operator Crown Resorts Limited has reportedly heard damning evidence regarding the firm’s stance on allegations of money laundering. According to a report from News Corp Australia, the Melbourne-headquartered company was denied a casino license for its new Crown Sydney property in February after an official probe commissioned by the New South Wales Independent Liquor and Gaming Authority determined that it may have been complicit in a slew of money laundering offenses tied to its use of foreign junket firms. The source detailed that this prompted the government for the neighboring state of Victoria to initiate an analogous examination looking into the operator’s license for the giant Crown Melbourne development.

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