Troubled Australian casino operator Crown Resorts has been fined A$30m (€18m) for illegally accepting uncleared bank cheques from punters to the tune of A$1.5bn (€902m) at its Melbourne venue.
The Victorian Gambling and Casino Control Commission said that the company had taken between A$30m and $75m (€45m) In extra profits in a period of 20 years from the illegal practice which was first brought to light by national newspaper The Age in 2014.
Players had been given casino chips by signing the back of uncleared cheques that had been made out to the player rather than the casino.
The commission ruled that this practice had amounted to giving the players a line of credit that they should not have had and was a “serious contravention” as it had not been documented.
Commission chair Fran Thorn said yesterday that the commission would investigate to see whether there had been any more infringements.
It was the second time that it had taken action against Crown over undocumented practices. Crown said that the practice had been discontinued and steps taken to ensure that it is not repeated.
Crown was fined A$80m last year for accepting A$164m (€98.6m) in funds between 2012 and 2016 and A$120m (€72m) last November for breaches of its obligations in responsible service.