Crown aware allowing clients to purchase chips on credit cards was illegal

Crown resorts, casino

Crown Resorts was aware that allowing its clients to purchase casino chips on credit cards was illegal and the company formulated a potential legal response in case it was caught by regulators, a Royal Commission Inquiry in Victoria heard.

The probe was told that the company helped high rollers move $160 million from China over four years.

Crown was found to be unsuitable to hold a license in Sydney after an inquiry there found widespread lapses in governance and money laundering. The company is now facing investigations in Victoria and Western Australia.

Australian Financial Review