Royal Commission Declares Crown Unsuitable to Run Perth Casino
The final report from a royal commission into Crown Resorts has concluded that the company is unsuitable to run its Perth casino. However, the operator will not have its license withdrawn. Rather, it has been given two years to return to suitability and will be observed by an independent monitor.
The royal commission was run by former Western Australia Auditor General Colin Murphy and former Supreme Court Justices Neville Owen and Lindy Jenkins. They found that the company facilitated money laundering at the casino and that it did not put systems in place to detect suspicious transactions.
Furthermore, Crown Resorts also allowed junkets with criminal links, and it did not do enough to reduce gambling-related harm.
In response, Crown Resorts released a statement to the Australian Stock Exchange. It acknowledged the findings and said that it will continue to work with the government, “Crown will review the report and will work cooperatively and constructively with the Western Australian Government in relation to the findings and recommendations of the report.”
Significant progress has been made with Crown’s transformation program, the implementation of company-wide reforms, and establishing the highest standards of governance. This includes investment in people, systems, processes, culture and a sharp focus on responsible gaming and the prevention of financial crime. Crown remains committed to continuous improvement across all facets of the business and is prioritizing the delivery of safe and responsible gaming across all of our resorts, including Crown Perth.
The commission was initially due to complete its investigation in November 2021, but more time was granted to allow for further enquires.
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