Crown Resorts fined A$1 mln by Australia regulator for flouting junket rules

Crown Resorts fined A$1 mln by Australia regulator for flouting junket rules

The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Photo

Register now for FREE unlimited access to Reuters.comDec 23 (Reuters) – Victoria state’s gaming commission said on Thursday it has fined Crown Resorts Ltd (CWN.AX) A$1 million ($720,700.00) for the casino operator’s failure to comply with junket rules.

The fine is currently the regulator’s maximum penalty, but a legislation was passed this month to increase it to A$100 million.

The Victorian Commission for Gambling and Liquor Regulation said Crown Melbourne was in contact with “an unsuitable” junket operator and allowed an associate of the operator to continue junket operations despite being directed by the regulator to cease all such activities.

Register now for FREE unlimited access to Reuters.comCrown Resorts also failed to notify the state gaming commission about the associate, the regulator said, adding that the probe covered operations between 2015 and 2016.

The Australian casino firm was penalised in April by the regulator for similar breaches, prompting the state to tighten regulations by increasing the fine and banning junket operations in Victoria through an amendment of a key casino and gambling legislation act.

Crown Resorts, which permanently ceased all dealings with junket operators last November, said it would consider the gaming commission’s findings to continue reforming the company.

A separate powerful inquiry into Crown Resorts, one of many, earlier this month declared the company unsuitable to hold a gambling licence in Melbourne, but allowed it to run its biggest-earning casino under supervision.

($1 = 1.3875 Australian dollars)

Register now for FREE unlimited access to Reuters.comReporting by Anushka Trivedi in Bengaluru; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.

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