Victoria’s gambling regulator has slapped Crown Resorts with $120 million in fines for falling short in its obligation to supervise problem gambling, in what the regulator called “extensive, sustained and systemic failures” spanning 12 years.
A judge has rejected Crown Resort’s bid to appoint a contradictor to fight a group costs order being sought in a shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.
Crown Resorts could be on the hook for a record $100 million fine after Victoria’s gambling regulator brought new disciplinary proceedings accusing the casino of allowing gamblers to exchange bank or blank cheques for gambling chips.
Crown Resorts could face another record fine after Victoria’s gambling regulator launched fresh disciplinary proceedings seeking information about the casino’s alleged failure to properly supervise problem gamblers.
Crown Casino has been given conditional approval to reopen gaming operations in Sydney following its takeover by private equity firm Blackstone.
Victoria’s gambling regulator has hit Crown Resorts with a record $80 million penalty over its China Union Pay scheme, which allowed wealthy Chinese patrons to illegally access nearly $164 million in funds.
The Victorian government has unveiled new laws that would give the state’s gambling regulator enhanced powers to take action against Crown Melbourne.
A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese gambling operations, but has shaved $1 million from the funder’s proposed commission.
The Victorian Gambling and Casino Control Commission has commenced disciplinary proceedings against Crown Melbourne after a royal commission found the casino operator enabled the illegal transfer of funds from China.
The financial crimes watchdog has brought enforcement action against Crown Mebourne and Crown Perth for what it describe as widespread and serious non-compliance of anti-money laundering and counter terrorism laws.