Crown Resorts is back in the headlines, agreeing to eliminate cash transactions at its Australian gaming venues. This major shift comes as part of an agreement with New South Wales regulators as the corporation seeks to rectify substantial worries about illicit financial activities.
The company’s Sydney gaming license was suspended after an investigation revealed it enabled money laundering within its establishments. In an effort to showcase its dedication to improvement and ethical gaming practices, Crown is now phasing out cash dealings.
Although the New South Wales Independent Liquor & Gaming Authority (ILGA) has recognized Crown’s endeavors, a definitive decision regarding the reinstatement of the Sydney license is pending. Furthermore, Crown is under scrutiny in Western Australia, where a Royal Commission is investigating its Perth casino.
While no concrete date has been established, Crown intends to progressively remove cash from its casinos in Sydney, Melbourne, and Perth. A representative for Crown stressed that the changeover will prioritize customer experience, but a precise timetable has yet to be determined.
Western Australia’s head of state, Premier Mark McGowan, recently recognized the vital part the public sector played in managing the difficulties of the global health crisis over the last eighteen months. As the tenures of three agency heads draw to a close, McGowan views this as a suitable time for a shift in leadership within the public sector. He conveyed his appreciation for their dedicated service to the administration and extended his best wishes for their future pursuits. Separately, Crown Resorts recently designated Steve McCann as their latest Chief Executive Officer and Managing Director, in the midst of fielding an acquisition proposal from The Star Entertainment Group.
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