{"id":7558,"date":"2020-06-24T21:36:53","date_gmt":"2020-06-24T21:36:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7558"},"modified":"2026-04-24T04:10:33","modified_gmt":"2026-04-24T07:10:33","slug":"nsw-resumes-investigation-into-crown-resorts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nsw-resumes-investigation-into-crown-resorts","title":{"rendered":"NSW resumes investigation into Crown Resorts"},"content":{"rendered":"\n

The investigation was suspended in March due to the Covid-19 pandemic and has now changed its focus.<\/p>\n\n\n\n\n\n\n\n

Australia.- The New South Wales (NSW) Independent Liquor & Gaming Authority (ILGA) has announced that its investigation into Crown Resorts will \u201cresume immediately.\u201d<\/p>\n\n\n\n

NSW officials had been conducting an investigation into whether the company founded by billionaire James Packer was suitable to hold a gaming license.<\/p>\n\n\n\n

Packer currently maintains a 36.8 per cent majority share in Crown but last year sold a 9.99 per cent stake to the Hong Kong casino group Melco, which Melco has since sold. This, according to ILGA, could mean a breach in the restricted gaming licence<\/a><\/em><\/strong>.<\/p>\n\n\n\n

The investigation, which had been suspended indefinitely in March<\/a><\/strong><\/em> due to the coronavirus outbreak, will now resume. <\/p>\n\n\n\n

The ILGA said the inquiry\u2019s terms of reference had been updated following Melco’s sale of its entire 9.99 per cent stake to US hedge fund  The Blackstone Group in April. <\/p>\n\n\n\n

It has said the investigation would change its focus from analysis of the 9.99 per cent stake acquired by Melco to look at Crown’s suitability to operate its AU$2.2 billion Crown Sydney development due to open at Barangaroo early next year.<\/p>\n\n\n\n

The ILGA said in a release: \u201cMost of the inquiry\u2019s work was deferred in April 2020 in light of the COVID-19 health and safety guidelines.<\/p>\n\n\n\n

\u201cAfter carefully considering the current Covid-19 situation, and Commonwealth and NSW Government advice and restrictions, the Authority considers it safe and practicable to resume the Inquiry\u2019s work.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The investigation was suspended in March due to the Covid-19 pandemic and has now changed its focus.<\/p>\n","protected":false},"author":2,"featured_media":7560,"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 New South Wales Independent Liquor & Gaming Authority (ILGA) has resumed its investigation into Crown Resorts, which was previously suspended due to COVID-19. The inquiry's focus has shifted from Melco's prior stake acquisition to Crown's overall suitability to hold a gaming license for its upcoming AU$2.2 billion Crown Sydney development. This regulatory scrutiny is critical for Crown's operational commencement in the NSW market.","focusai_entities":"New South Wales Independent Liquor & Gaming Authority, Crown Resorts, James Packer, Melco, The Blackstone Group","focusai_location":"Australia, New South Wales, Hong Kong, Sydney, Barangaroo","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Crown Sydney Launch?","query":"What is the projected impact of this resumed investigation on the opening timeline and operational capacity of the AU$2.2 billion Crown Sydney development?"},{"label":"Regulatory Precedent?","query":"How might the ILGA's updated terms of reference and shifted focus on overall suitability establish new regulatory compliance benchmarks for other Australian gaming license holders?"}],"footnotes":""},"categories":[16336,439,158],"tags":[289,14657],"class_list":["post-7558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","category-slider-home","tag-australia","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7558","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=7558"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7558\/revisions"}],"predecessor-version":[{"id":7578,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7558\/revisions\/7578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7560"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}