Australian casino operator Crown Resorts has found itself in even more regulatory trouble as a second Australian state commences disciplinary proceedings.
On Friday, Crown chair Helen Coonan confirmed that the company’s $2.4b Crown Sydney property will start its soft-opening on December 14, months ahead of a report by the New South Wales Independent Liquor & Gaming Authority (ILGA) inquiry into Crown’s suitability to hold a state gaming license.
The inquiry saw dramatic testimony this week from Crown’s largest shareholder James Packer, who acknowledged the company’s numerous anti-money laundering compliance failures in its dealings with high-rolling gamblers and the junket operators who ferry those VIPs to Crown’s casinos.
On Friday, director Harold Mitchell continued the ‘see no evil’ stance adopted by other Crown execs who’ve previously testified to the inquiry, saying he only recently learned specifics on the role junkets play in Crown’s ecosystem and he now hopes “I never hear [the word ‘junket’] again.”