Crown Resorts is retaining its casino license in Sydney, after authorities in New South Wales ruled that the group’s remediation efforts have been sufficient.
According to a company release, the New South Wales Independent Casino Commission (NICC) acknowledged the group’s ‘comprehensive transformation of its business, implementing extensive reforms across harm minimization, financial crime, governance, compliance, and risk’.
The group notes that it has invested some AU$200 million ($130 million) in the transformation, introducing ‘rigorous standards to deter and detect money laundering as part of its ongoing focus on financial crime prevention’.
The group introduced its harm minimization program, Crown PlaySafe, as well as adopting cashless gaming on all electronic table games (ETGs), and now aims to ‘work constructively and collaboratively with the NICC to implement the requirements’ it outlined in its review.
Crown Sydney CEO, Mark McWhinnie commended the findings, noting that “The NICC’s decision today recognizes the genuine and sustainable changes we’ve made and our ongoing commitment to operating at the highest industry standards.”
Crown Resorts CEO, Ciarán Carruthers noted that “the Crown of today has been rebuilt from the inside out. We’ve spent the past two years pioneering a monumental transformation unlike anything seen before in corporate Australia”.
The move comes after authorities in Victoria also confirmed the group’s aptitude for a gaming license in Melbourne but amongst an ongoing probe into Crown Perth.
