{"id":25459,"date":"2021-12-13T07:58:47","date_gmt":"2021-12-13T10:58:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25459"},"modified":"2026-04-23T13:01:27","modified_gmt":"2026-04-23T16:01:27","slug":"crown-sydney-to-start-gaming-operations-in-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-sydney-to-start-gaming-operations-in-2022","title":{"rendered":"Crown Sydney to start gaming operations in 2022"},"content":{"rendered":"\n

Crown Sydney has announced its gaming areas are ready to open on a staged basis pending a determination of suitability by ILGA.<\/p>\n\n\n\n\n\n\n\n

Australia.- Crown Resorts has revealed it hopes to\u00a0open the gaming areas of Crown Sydney<\/strong> in early 2022<\/strong>. Opening of the casino at the complex was delayed due to the results of New South Wales’ inquiry into Crown, which found it unsuitable to hold its casino licence for the venue. Crown did receive a provisional liquor licence<\/a>\u00a0to operate part of the new venue from December 28 last year.<\/p>\n\n\n\n

In a report delivered during the company’s investors day, Crown said: “Good progress has been made in implementing the reforms outlined in our remediation plan, including those outlined in the\u00a0Bergin Report<\/a>, and continue to work constructively with the independent monitor.”<\/p>\n\n\n\n

Since then Crown has also faced Royal Commissions in Victoria and Western Australia. The Victorian inquiry recommended\u00a0that Crown Melbourne continue to operate<\/a>\u00a0with a Special Manager appointed to oversee all aspects of the casino\u2019s operations for the next two years.<\/p>\n\n\n\n

It made 33 recommendations<\/strong> but recognised that\u00a0Crown Resorts has started a significant reform programme<\/a>. Its report also suggested increasing the maximum possible penalty under the Casino Control Act 1991 from AU$1m to AU$100m to \u201cmake sure there are meaningful consequences for breaches of the law.\u201d<\/p>\n\n\n\n

The Western Australia Royal Commission<\/a> has delivered its Interim Report on the state’s Regulatory Framework to the Western Australian Government. Written submissions from Crown and other parties are due on January 20, and closing oral presentations from counsel assisting and interested parties are scheduled for early February 2022. The Royal Commission\u00a0is scheduled to deliver its final report by March 4.<\/p>\n\n\n\n

Crown Resorts turns down Blackstone offer<\/h2>\n\n\n\n

Last month, Crown Resorts has rejected a third acquisition offer from\u00a0The Blackstone Group<\/a>, which had offered to acquire all of the shares in Crown at a price of AU$12.50 (US$9.11) cash per share. Crown Resorts said its board is of the view that the proposal does\u00a0not represent compelling value<\/strong>\u00a0for Crown shareholders.\u00a0<\/p>\n\n\n\n

However, the Crown Board offered Blackstone the opportunity to \u201caccess non-public information to allow Blackstone to undertake initial due diligence inquiries on a non-exclusive basis so that it can formulate a revised proposal<\/strong> that adequately reflects the value of Crown.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Crown Sydney has announced its gaming areas are ready to open on a staged basis pending a determination of suitability by ILGA.<\/p>\n","protected":false},"author":176,"featured_media":25492,"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 Sydney's gaming areas are poised for a staged opening pending ILGA suitability, following extensive regulatory scrutiny across multiple Australian jurisdictions. Concurrently, Crown Resorts is implementing a significant remediation program addressing findings from various Royal Commissions, which have also proposed substantial increases in regulatory penalties. The company recently rejected a third acquisition offer from The Blackstone Group, though it has opened the door for revised proposals.","focusai_entities":"Crown Sydney, Crown Resorts, ILGA, The Blackstone Group, New South Wales, Victoria, Western Australia, Bergin Report, Casino Control Act 1991","focusai_location":"Australia, Sydney, Melbourne","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.97), operator_casino (0.9), payments_fraud_aml (0.75), investor_analyst (0.96), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Crown Sydney Suitability Timeline?","query":"What is the projected timeline for ILGA's final suitability determination for Crown Sydney, and what are the remaining key milestones for full operational approval?"},{"label":"Impact of Penalty Increase?","query":"How might the proposed AU$100m maximum penalty in Victoria influence future regulatory enforcement actions and compliance strategies across other Australian jurisdictions?"}],"footnotes":""},"categories":[16336,28,158],"tags":[14657,23907],"class_list":["post-25459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","category-slider-home","tag-crown-resorts","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25459","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=25459"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25459\/revisions"}],"predecessor-version":[{"id":25469,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25459\/revisions\/25469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25492"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}