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Australian takeover target Crown Resorts has committed to end international gambling tours - or "junket" operations - and switch to cashless operations in its casinos, the gaming regulator of the country's biggest state said Thursday.
Australian takeover target Crown Resorts (CWN.AX) has committed to end international gambling tours, or "junket" operations, and go cashless in its casinos, the gaming regulator in the country's biggest state said on Thursday.
Crown ordered to pay AU$22.5m following Bergin Inquiry
13th May 2021
| By Marese O Hagan
Crown Resorts Melbourne has been ordered to pay a total of AUD $22.5m (£12.4m/€14.4m/$17.3m) as part of measures set out by the New South Wales Independent Liquor and Gaming Authority (IGLA).
Crown must pay $12.5m towards the inquiry itself, and also pay an annual Casino Supervisory Levy of $5.0m in both FY2021 and FY2022, after the regulator found Crown “unsuitable” to operate a casino in the Barangaroo district of Sydney in February. The operator may pay a further levy in FY2023, but this is “subject to further consultation”.