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A casino license is vital in establishing on whether or not a casino is fit to operate or not. Crown resorts are one of the most influential casinos in Australia right now. The casino has a lot of big establishments for their real-money gamers.
Just last year, the establishment had one of the most exotic and biggest high roller sites. But, recently it has been having quite bad publishing after a judge went on to revoke their operating license.
Why Crown Casino License is Being Questioned
Money laundering is one of the biggest offenses that a real-money establishment will have to face while operating. There are different money laundering policies that have been put in place in place to try and make sure that the casinos license is not somehow left in jeopardy. Their Sydney resort is facing the heat for a crime that was committed at their Chinese division.
The crime was committed back in 2016 and some of the staff members had to be arrested. The evidence that was gathered showed that the, money laundering was not by accident, rather, it was believed to have been part of an organized crime. The casino owner, James Packer had to take the heat for the crime and was accused of not being competent enough to safeguard the operations of the casino.
The Casino Given a Second Chance
Crown resorts have been given a second chance to redeem its casino license. But, it will have to make certain changes to its operations and gain back the trust of the regulations officers. NSW regulatory body has been justified for not trusting the casino’s policies, Andrew Demetriou who happens to be the non-executive director of the casino and the chief executive, Ken Barton.
James Packer’s positions as an associate of the casino has been questioned as well. Packer is being accused of going against the terms and policies of the regulatory authorities. The executive is facing the heat for including the popular Hong Kong casino gaming official, Stanley Ho. Failure for them to rectify this issue may lead to a shutdown and the casino license may end up being taken back.
Conclusion
There are a lot of reasons n why most gamblers would not want the crown casino license to be revoked. It is one of the biggest gambling establishments that you can get to find in Australia. Therefore, there is hope that he casino can get to make a few changes and be able to come to life again.
However, not everyone is hoping that the casino stays open. Other players feel lie the casino should be held responsible for not following the proper regulations.