AUSTRALIA’S CROWN RESORTS TOO WEAK ON AML TO RUN NEW GLITZY SYDNEY CASINO, SAYS REGULATOR
February 1st, 2021
A MAJOR gambling complex in Sydney, costing Australian dollars AUD2.2 billion (USD1.7 billion) to build, should not be operated by its owner Crown Resorts because of AML weaknesses, a New South Wales (NSW) regulator has concluded.
A major inquiry by the NSW Independent Liquor and Gaming Authority has concluded that neither Crown nor any close associate is currently “a suitable person to continue to give effect to the Barangaroo restricted gaming licence”, covering the new casino, which is ready to open.
It is a hub of a major redevelopment project to turn a ...
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