Crown Resorts<\/a>\u00a0failed to implement systems to detect suspicious transactions and allowed junket operators with criminal links to operate at the casino. Commissioners said Crown failed to minimise gambling-related harm and was not open and accountable in its communications with state regulators.<\/p>\n\n\n\nTony Buti, WA\u2019s racing and gaming minister<\/strong>, said the government had accepted key recommendations and would amend the state’s casino laws. Crown and its subsidiaries are undergoing a restructuring overseen by independent observers, which is expected to take about two years.<\/p>\n\n\n\nCrown\u2019s managing director and chief executive officer, Steve McCann<\/strong>\u00a0said: “Significant progress has been made with Crown\u2019s transformation program, the implementation of company-wide reforms, and establishing the highest standards of governance.\u00a0<\/p>\n\n\n\n“This includes investment in people, systems, processes, culture and a sharp focus on responsible gaming and the prevention of financial crime.\u00a0Crown remains committed to continuous improvement across all facets of the business and is prioritising the delivery of safe and responsible gaming across all of our resorts, including Crown Perth.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Western Australia Royal Commission has concluded that Crown Perth can keep its licence but under strict new conditions with the appointment of a special manager.<\/p>\n","protected":false},"author":176,"featured_media":26656,"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 Western Australia Royal Commission has concluded Crown Perth is unsuitable to hold a casino licence but will retain it under stringent new conditions, including the appointment of a special manager. This decision follows findings of failures in detecting suspicious transactions, allowing criminal-linked junket operations, and inadequate responsible gambling measures, necessitating a two-year restructuring program for Crown Resorts.","focusai_entities":"Crown Perth, Crown Resorts, Western Australia Royal Commission, Tony Buti, Steve McCann","focusai_location":"Western Australia, Australia, Perth, Melbourne","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.97), operator_casino (0.92), payments_fraud_aml (0.95), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Crown's Valuation","query":"What are the projected financial implications for Crown Resorts' enterprise valuation, considering the two-year restructuring period, increased compliance costs, and potential revenue impacts from stricter operational controls?"},{"label":"Regulatory Precedent Analysis","query":"How will the Western Australia Royal Commission's findings and the imposed licensing conditions for Crown Perth establish a new regulatory precedent for other integrated resort operators within the Australian iGaming and land-based casino sectors?"}],"footnotes":""},"categories":[16336,157,158],"tags":[20215,14657,23911],"class_list":["post-28360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-crown-perth","tag-crown-resorts","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28360","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=28360"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28360\/revisions"}],"predecessor-version":[{"id":28375,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28360\/revisions\/28375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26656"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}