Former Supreme Court judge Patricia Bergin’s final report finds Crown unsuitable to hold its licence for its second Sydney casino.<\/p>\n\n\n\n\n\n\n\n
Australia.- The final report from the New South Wales Independent Liquor & Gaming Authority’s (ILGA) inquiry into Crown Resorts has found the operator to be \u201cquite unsuitable\u201d to hold a licence<\/strong> for its new casino in Barangaroo. <\/p>\n\n\n\n Written by former Supreme Court judge Patricia Bergin, the report states that if Crown wants to be deemed suitable to hold the licence for a second Sydney casino, it should “achieve a fresh start and emerge a very much stronger and better organisation<\/strong>.”<\/p>\n\n\n\n It says: “Crown should provide the Authority with a detailed written remediation action plan and undertakings <\/strong>in respect of matters including governance, independent review, accountability and any other relevant matters that the Authority may require of it.<\/p>\n\n\n\n Recommendations in the report include a 10 per cent individual ownership limit for casinos, which would force billionaire shareholder James Packer to reduce his 36 per cent stake<\/strong> in Crown. <\/p>\n\n\n\n It also recommends the establishment of an Independent Casino Commission (ICC) as a new regulatory body.<\/p>\n\n\n\n The ILGA will hold a special meeting on February<\/strong> 12 <\/strong>to discuss whether to implement any of the report’s recommendations.<\/p>\n","protected":false},"excerpt":{"rendered":" Former Supreme Court judge Patricia Bergin’s final report finds Crown unsuitable to hold its licence for its second Sydney casino.<\/p>\n","protected":false},"author":176,"featured_media":14403,"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 Bergin Inquiry's final report deems Crown Resorts \"unsuitable\" to hold its Sydney casino license, citing significant governance deficiencies. Recommendations include a mandatory remediation plan, a 10% individual ownership cap impacting major shareholder James Packer, and the establishment of a new Independent Casino Commission. The New South Wales Independent Liquor & Gaming Authority will convene to consider these recommendations, signaling a potential overhaul of Crown's operational and ownership structure.","focusai_entities":"Patricia Bergin, Crown Resorts, New South Wales Independent Liquor & Gaming Authority (ILGA), James Packer, Independent Casino Commission (ICC)","focusai_location":"Australia, Sydney","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Crown Remediation Plan","query":"What specific governance and operational remediation actions will Crown Resorts be mandated to implement to regain licensing suitability, and what is the timeline for ILGA's review of such a plan?"},{"label":"Impact on Packer's Stake","query":"How will the proposed 10% individual ownership limit be enforced, and what are the potential capital markets implications for James Packer's divestment of his 36% stake in Crown Resorts?"}],"footnotes":""},"categories":[16336,28],"tags":[14657,23728,23907],"class_list":["post-14399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","tag-crown-resorts","tag-ilga","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14399","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14399"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14399\/revisions"}],"predecessor-version":[{"id":14477,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14399\/revisions\/14477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14403"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}