Crown Resorts will require employees and guests to be vaccinated.<\/p>\n\n\n\n\n\n\n\n
Australia.-\u00a0Steve McCann<\/a>, Crown Resorts CEO, has said that the casino operator will require staff and guests to be vaccinated against Covid-19. <\/p>\n\n\n\n He said the deadline for the vaccination policy has not yet been determined<\/strong>\u00a0but the company will give staff three hours of paid vacation and an additional day of sick leave\u00a0<\/strong>to get vaccinated and that employees who have already been vaccinated can claim an AU$50 (US$35.75) gift voucher.<\/p>\n\n\n\n Customers<\/strong> may need to register their vaccination status via a QR code before they can enter Crown venues.<\/p>\n\n\n\n According to the West Australian, McCann said: “Anyone who works on or visits our site needs to be vaccinated<\/strong>.”<\/p>\n\n\n\n He added: \u201cObviously\u00a0we\u2019ve got to work through some of the challenges<\/strong>… and that\u2019s part of the consultation process. It\u2019s important to show some leadership.\u00a0We are a very large employer and hospitality has been very hard hit. It\u2019s usually one of the first in lockdown and the last to come out.\u201d<\/p>\n\n\n\n McCann praised the WA government’s response to the Covid-19 pandemic<\/strong>, which has allowed Crown Perth to stay open while Sydney and\u00a0Melbourne’s venues<\/a>\u00a0had to close.<\/p>\n\n\n\n KPMG, Crown Resorts\u2019 auditor<\/strong>, has warned that multiple investigations and the impact of the Covid-19 pandemic have created significant uncertainties over whether the Australian casino operator can continue to operate. <\/p>\n\n\n\n Since the company faced money-laundering allegations<\/a> in 2019, it has been involved in legal disputes and is currently facing two Royal Commissions. Crown has also said that the Australian Transaction Reporting and Analysis Centre (Austrac)<\/a> is \u201cvery likely\u201d to bring a civil lawsuit against its casinos in two cities, which could lead to hefty fines.<\/p>\n\n\n\n According to the Strait Times, the auditors\u2019 report said Crown bonds were in danger of being reimbursed<\/strong> if its credit score falls beneath speculation grade. <\/p>\n\n\n\n Auditors said: \u201cThe conditions disclosed\u2026 indicate a material uncertainty exists that may cast significant doubt on the group\u2019s ability to continue as a going concern.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Crown Resorts will require employees and guests to be vaccinated.<\/p>\n","protected":false},"author":176,"featured_media":18586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Crown Resorts is implementing a mandatory COVID-19 vaccination policy for all employees and guests, offering incentives for compliance, as its CEO emphasizes leadership in the hard-hit hospitality sector. Concurrently, the company faces significant \"going concern\" uncertainties, highlighted by its auditor KPMG, stemming from ongoing money-laundering allegations, two Royal Commissions, and a probable AUSTRAC civil lawsuit, which collectively threaten its operational viability and credit rating.","focusai_entities":"Crown Resorts, Steve McCann, KPMG, Austrac","focusai_location":"Australia, Perth, Sydney, Melbourne, Western Australia","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":"Regulatory Impact on Valuation","query":"How might the potential AUSTRAC civil lawsuit and ongoing Royal Commissions impact Crown Resorts' enterprise valuation and its ability to secure future capital, particularly given the 'going concern' warning?"},{"label":"Operational Continuity Strategy","query":"What specific governance and operational restructuring initiatives is Crown Resorts implementing to address the 'material uncertainty' regarding its ability to continue as a going concern, beyond the vaccination policy?"}],"footnotes":""},"categories":[16336,28],"tags":[14657],"class_list":["post-22613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22613","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=22613"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22613\/revisions"}],"predecessor-version":[{"id":22631,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22613\/revisions\/22631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18586"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Uncertainty over Crown Resorts ability to continue as going concern<\/h2>\n\n\n\n