Crown found ‘unsuitable’ to run Sydney casino

Home » Crown found ‘unsuitable’ to run Sydney casino

Crown Resorts has been found “unsuitable to hold a casino licence” at Barangaroo in Sydney, Australia, but should be given an opportunity to make changes to make itself suitable.

A report written by former New South Wales supreme court judge, Patricia Bergin SC, said the evidence of money laundering, Crown’s operations in China which led to arrests of its staff in 2016 and its associations with junket operators with possible organised crime links made the company and its controllers unsuitable.

She has said it is open to the regulator, the Independent Liquor and Gaming Authority, to suggest ways Crown could keep its licence.

She said Crown chief James Packer was “deeply flawed” as a casino associate because he either forgot or did not turn his mind to an undertaking Crown made to NSW authorities to exclude the late Hong Kong gambling magnate, Stanley Ho, from the company’s new casino at Barangaroo in Sydney.

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But she left consideration of whether he was an appropriate person to be involved with the casino to the ILGA, which she said could also consider threats he made to a businessman in 2015.

Bergin said ways Crown could make itself suitable to hold a licence include a major overhaul of the board and a set of binding undertakings from Crown to reform its business and implement enhanced controls to prevent money laundering at its casinos.

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