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Australia

Victorian Commission for Gambling and Liquor Regulation Imposes Fine of AU$1M on Crown Melbourne

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4 years ago

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Victorian Commission for Gambling and Liquor Regulation Imposes Fine of AU$1M 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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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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