two weeks’ time<\/strong>.<\/p>\n\n\n\nInquiry into Crown<\/h2>\n\n\n\n
The ILGA launched its enquiry into Crown’s fitness to keep its casino licence due to an incident in 2016 that saw Crown executives arrested in China for promoting gambling.<\/p>\n\n\n\n
The inquiry heard that Crown had sponsored visas for Chinese high rollers without investigating their backgrounds and allowed them to use unsupervised bank accounts.<\/p>\n\n\n\n
The operator has since decided to end all junket operations unless the companies are approved by state regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"
The ILGA will deliver the commissioner\u2019s recommendation on Crown Resorts’ casino licence on Monday (February 1).<\/p>\n","protected":false},"author":2,"featured_media":13981,"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 (ILGA) is poised to issue its recommendation on Crown Resorts' Sydney casino license on February 1st, following an extensive inquiry into the operator's suitability. This pivotal decision, prompted by past incidents including executive arrests in China and alleged anti-money laundering (AML) control deficiencies, will dictate the operational commencement of Crown's US$2.2bn Barangaroo integrated resort.","focusai_entities":"Crown Resorts, New South Wales Independent Liquor and Gaming Authority (ILGA), ASX","focusai_location":"Australia, Sydney, New South Wales, China","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Governance Reforms?","query":"What specific governance frameworks and compliance remediation measures will the ILGA mandate for Crown Resorts to retain its B2C casino license?"},{"label":"Capital Markets Impact?","query":"How will the ILGA's decision impact Crown Resorts' capital structure, future M&A prospects, and overall market valuation?"}],"footnotes":""},"categories":[16336,439],"tags":[14657,23728,23907],"class_list":["post-13979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-crown-resorts","tag-ilga","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13979","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=13979"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13979\/revisions"}],"predecessor-version":[{"id":13983,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13979\/revisions\/13983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13981"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=13979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=13979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=13979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}