Victorian Commission for Gambling and Liquor Regulation Imposes Fine of AUM on Crown Melbourne
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The Victorian Commission for Gambling and Liquor Regulation (VCGLR) has imposed a fine of AU$1m on Crown Resorts’ Melbourne casino for failing to comply with regulatory requirements in relation to junket operations.
Crown is under investigation in Victoria and Western Australia for its governance practices after a probe in Sydney found serious breaches, including money laundering through its casinos.
As a result, Crown was found to be unsuitable for a license for its new property in Barangaroo, Sydney and is undertaking sweeping reforms to regain the permit. As part of those, it no longer deals with junket operators.
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