previously delayed<\/em><\/strong><\/a> in mid-March but has now been suspended indefinitely.<\/p>\n\n\n\nThe Australian casino operator is building a $1.5 billion resort in Sydney but officials are concerned about its alleged exposure to organised crime associated with junket groups, as well as potential links to money laundering.<\/p>\n\n\n\n
“The Independent Liquor & Gaming Authority (ILGA) has decided that most of the work of the Casino Inquiry will be deferred in the current context of the Covid-19 epidemic until it is considered safe and practicable for all public aspects of the work to resume,” the ILGA said in a statement explained.<\/p>\n\n\n\n
The ILGA added: “This decision follows careful consideration of the current Covid-19 situation, Commonwealth and State Government advice and restrictions. The Inquiry and its public hearings will resume promptly as soon as circumstances allow.”<\/p>\n\n\n\n
Crown Resorts currently owns resorts in Perth, Western Australia and Melbourne, Victoria. Both casinos have closed their doors due to the Coronavirus pandemic. <\/p>\n\n\n\n
However, their hotel operations continue to remain open, albeit in a reduced capacity and occupancy.<\/p>\n\n\n\n
Packer currently maintains a 36.8 per cent majority share in Crown but no longer sits on the board of directors and is not involved in day-to-day operations.<\/p>\n\n\n\n
When the inquiry is held, Packer is expected to testify.<\/p>\n","protected":false},"excerpt":{"rendered":"
New South Wales authorities confirm the inquiry into Crown’s licence suitability has been postponed.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 Independent Liquor & Gaming Authority (ILGA) has indefinitely postponed the inquiry into Crown Resorts' gaming license suitability in New South Wales due to the COVID-19 pandemic. This inquiry, which scrutinizes alleged links to organized crime and money laundering, impacts Crown's $1.5 billion Sydney resort project and its broader operational governance.","focusai_entities":"Crown Resorts, James Packer, Independent Liquor & Gaming Authority, ILGA","focusai_location":"New South Wales, Australia, Sydney, Perth, Western Australia, Melbourne, Victoria","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.98), operator_casino (0.95), payments_fraud_aml (0.9), investor_analyst (0.97), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Crown Sydney Project Impact?","query":"What are the projected financial and operational impacts of this indefinite inquiry postponement on the Crown Sydney resort's completion and market entry timeline?"},{"label":"Regulatory Precedent Set?","query":"What specific regulatory precedents might this inquiry, once resumed, establish for B2B\/B2C licensing and governance frameworks within the Australian iGaming and land-based casino sectors?"}],"footnotes":""},"categories":[16336,28,161],"tags":[],"class_list":["post-5294","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-casino-news","category-daily-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5294","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5294"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5294\/revisions"}],"predecessor-version":[{"id":5301,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5294\/revisions\/5301"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}