{"id":25942,"date":"2022-01-03T08:41:12","date_gmt":"2022-01-03T11:41:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25942"},"modified":"2026-04-23T12:37:30","modified_gmt":"2026-04-23T15:37:30","slug":"royal-commission-recommendations-for-crown-would-not-be-easy-to-implement-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/royal-commission-recommendations-for-crown-would-not-be-easy-to-implement-analysts-say","title":{"rendered":"Royal Commission recommendations for Crown would not be easy to implement, analysts say"},"content":{"rendered":"\n

According to experts, the appointment of a Special Manager won’t help the casino operator to make things right after years of misconduct.<\/p>\n\n\n\n\n\n\n\n

Australia.- Last October, Victoria\u2019s Royal Commission officially declared Crown Resorts unsuitable to hold a licence for its Crown Melbourne casino. <\/strong>However, the operator was allowed to keep its licence<\/a> under stricter conditions.<\/p>\n\n\n\n

Now, a group of experts analysed the situation and stated the appointment of a special manager to supervise the operation of Crown Melbourne is not enough to correct years of misconduct.<\/p>\n\n\n\n

They also added the proposed changes are not easy to implement.<\/p>\n\n\n\n

Judge Raymond Finkelstein<\/strong>, who led the state of Victoria\u2019s inquiry, appointed Stephen O\u2019Bryan QC<\/strong>, as Victoria\u2019s first Independent Broad-based Anti-Corruption Commissioner, as Crown’s Special Manager.<\/p>\n\n\n\n

According to Casino Guardian, analysts also pointed out that before Finkelstein\u2019s proposal takes effect, a 2012 deal that stated the Victorian government must pay up to AU$200 if the casino operator’s licence is revoked or special conditions are imposed<\/strong>, must be terminated.<\/p>\n\n\n\n

The Special Manager will have unprecedented powers to oversee Crown Resorts, veto decisions of the Board, and will have access to all areas of the casino and its books and records.<\/p>\n\n\n\n

Finkelstein said he had taken the decision because he understood that if Crown Melbourne\u2019s licence was cancelled, it would hurt the Victorian economy.<\/p>\n\n\n\n

A total of 33 recommendations were made by the Royal Commission<\/strong>, which recognised that Crown Resorts has started a significant reform programme<\/a>. <\/p>\n\n\n\n

The report also suggested increasing the maximum possible penalty under the Casino Control Act 1991 from AU$1m to AU$100m to “make sure there are meaningful consequences for breaches of the law”.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to experts, the appointment of a Special Manager won’t help the casino operator to make things right after years of misconduct.<\/p>\n","protected":false},"author":176,"featured_media":25558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Experts assert that the appointment of a Special Manager for Crown Melbourne is insufficient to rectify years of misconduct, despite the operator retaining its license under stringent conditions. The Royal Commission's recommendations include unprecedented oversight powers for the Special Manager and a significant increase in maximum penalties under the Casino Control Act 1991, contingent on the termination of a prior government compensation agreement.","focusai_entities":"Crown Resorts, Stephen O\u2019Bryan QC, Judge Raymond Finkelstein, Casino Guardian, Victoria\u2019s Royal Commission, Independent Broad-based Anti-Corruption Commissioner","focusai_location":"Australia, Victoria, Melbourne","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.97), operator_casino (0.95), payments_fraud_aml (0.75), investor_analyst (0.96), supplier_vendor (0.78), journalist_researcher (0.94)","focusai_suggestions":[{"label":"Special Manager's Operational Impact?","query":"What specific operational and strategic decision-making autonomy will Crown Resorts' Board retain under the Special Manager's unprecedented veto powers, and what are the implications for its reform programme timeline?"},{"label":"Victorian Government Deal Impact?","query":"What are the precise financial and legal ramifications for the Victorian government and Crown Resorts if the 2012 AU$200m compensation deal is terminated, and how might this affect future regulatory agreements?"}],"footnotes":""},"categories":[16336,28,158],"tags":[14657],"class_list":["post-25942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","category-slider-home","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25942","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=25942"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25942\/revisions"}],"predecessor-version":[{"id":25958,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25942\/revisions\/25958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25558"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}