{"id":11518,"date":"2020-11-04T20:45:42","date_gmt":"2020-11-04T20:45:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11518"},"modified":"2026-04-24T00:23:37","modified_gmt":"2026-04-24T03:23:37","slug":"counsel-says-crown-resorts-unsuitable-for-licence","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/counsel-says-crown-resorts-unsuitable-for-licence","title":{"rendered":"Counsel says Crown Resorts \u201cunsuitable\u201d for licence"},"content":{"rendered":"\n

The counsel assisting the NSW inquiry said the influence of shareholder James Packer was “harmful to the public interest.\u201d <\/p>\n\n\n\n\n\n\n\n

Australia.- The New South Wales Independent Liquor and Gaming Authority (ILGA) hearing is taking opinion from experts before making a decision on whether to allow Crown Resorts to keep its licence for its AU$2.4bn (US$1.7bn) project in Sydney.<\/p>\n\n\n\n

Counsel assisting the inquiry, Adam Bell, said on Wednesday that evidence presented during the investigation meant Crown was “not suitable” to hold a licence for the new Barangaroo casino.  <\/p>\n\n\n\n

Bell said Crown’s conduct surrounding the arrest of staff members in China in 2016 showed failures that persisted and that Crown and its main shareholder James Packer had a “high appetite” for risk<\/a><\/em><\/strong>.<\/p>\n\n\n\n

Bell said\u00d1 “Compounding the problem is no one who presided over the disastrous failures can provide a coherent explanation about how or why they occurred.<\/p>\n\n\n\n

\u201cIt’s submitted that the impact of that influence put Crown Resorts in breach of its regulatory agreements with the authority.\u201d <\/p>\n\n\n\n

The counsel said Packer’s involvement was \u201cultimately harmful to the public interest, which is a primary object of the Casino Control Act to protect.\u201d <\/p>\n\n\n\n

NSW Premier Gladys Berejiklian, leading ILGA’s<\/em><\/strong> inquiry, is expected to deliver a decision on whether Crown Resorts can keep its casino licence on February1, 2021. Crown plans to go ahead with inaugurating the venue in December.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The counsel assisting the NSW inquiry said the influence of shareholder James Packer was “harmful to the public interest.\u201d <\/p>\n","protected":false},"author":2,"featured_media":11520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New South Wales Independent Liquor and Gaming Authority inquiry has deemed Crown Resorts \"not suitable\" to hold a casino license for its AU$2.4bn Sydney Barangaroo project. Counsel assisting the inquiry cited persistent failures, a high appetite for risk, and the \"harmful\" influence of major shareholder James Packer, leading to breaches of regulatory agreements. A final decision on Crown's license is anticipated by February 1, 2021.","focusai_entities":"Crown Resorts, James Packer, New South Wales Independent Liquor and Gaming Authority (ILGA), Adam Bell, Gladys Berejiklian","focusai_location":"Australia, New South Wales, Sydney","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Crown's License Impact","query":"What are the immediate and long-term financial implications for Crown Resorts' market capitalization and operational strategy if the NSW ILGA revokes its Barangaroo casino license?"},{"label":"Regulatory Precedent Set","query":"How might the NSW ILGA's findings regarding shareholder influence and governance failures establish a new precedent for B2C licensing suitability and ongoing regulatory oversight across other gaming jurisdictions?"}],"footnotes":""},"categories":[16336,28],"tags":[289,29,14657],"class_list":["post-11518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","tag-australia","tag-casino","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11518"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11518\/revisions"}],"predecessor-version":[{"id":777009192,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11518\/revisions\/777009192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11520"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}