Crown Resorts opened its A$2.2bn Crown Sydney property on Monday after a bruising year of suitability hearings and amidst a new cluster of Covid-19 cases in the city.
The company decided to forge ahead with its plans to open after receiving a provisional liquor licence from Liquor and Gaming NSW.
However, the casino component, which was designed to cater for high rollers from Asia, will remain shuttered until regulators give their response to findings in the probe.
It was an event that was hard to miss in the gambling world, but to recap, Crown’s suitability to hold a licence for the Sydney property has undergone a year-long investigation after investigative news reports alleged links to organised crime, money laundering and facilitating visas for VIPs.
Testimony from executives revealed serious lapses in corporate governance, including a last-minute admission there may have been money laundering through its casinos.
Source: Asia Gaming Brief