Thursday, June 30, 2022

Crown views regulatory inquiries as a forum


Crown Resorts will use a number of state and federal inquiries into its alleged ties to Chinese criminals as a “forum to provide our perspective.”

Following a joint report from Australian media in August, Crown has been dealing with a number of probes from state government gaming regulators - mostly looking into its potential ties to crime-linked junkets. 

Crown executive chairman John Alexander told shareholders that the company ran a compliant business with "zero tolerance for criminal elements".

“It comes at no surprise that various regulators and other agencies have launched inquiries given recent media reports and the sensationalist nature of the allegations raised,” he said in a 2019 annual report, released on Thursday. 

"We view these regulatory inquiries as a forum to provide our perspective and look forward to co-operating through the process, as we have always done," he added. 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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