Published
Land-BasedCasinoLegal & Regulatory

"Extraordinarily troubling" updates from Crown Resorts hearing

Further updates from the Crown Resorts hearing in Australia have been described as "extraordinarily troubling," as further shortcomings in how the operator managed the risk of money laundering are exposed.

crownaustralia

As reported by the Sydney Morning Herald, the inquiry into money laundering at Crown Melbourne heard from CEO Ken Barton, formerly the company's CFO.

He claimed he had only learnt that one of the company's most important partners operated a cash desk at the casino in October 2019, when footage was leaked of potential money laundering activity.

In turn, Commissioner Patricia Bergin said this fact was "just extraordinarily troubling," to which Barton agreed.

Crown general counsel and company secretary Mary Manos also told the inquiry she advised the company’s board against publishing a full-page advertisement rejecting last year's media revelations, as she felt Crown did not have enough time to investigate the accusations fully.

That advert was subsequently published in major newspapers and as a release to the Australian Securities Exchange; Crown has since said this advert contained errors.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Crown Melbourne
Global Gaming Women
Svenska Spel
MGM Resorts International
Sportsbet
Follow Us

Facing facts: Nevada vs Macau

How is the Nevada gaming market faring against Macau? Gambli...

Taking stock: Kicking off 2025

Gambling Insider tracks online casino operator and supplier...

Responsible gambling: Who is morally, practically and legally responsible?

Within the ethical complexities of gambling, how much onus f...

Account limits: Legality and fairness in the UK

Paul Sculpher, Director of GRS Recruitment and regular Gambl...

Analysing sports betting data from the Australian Open

Sports betting supplier Betby provides Gambling Insider with...

Company profile: Digitain

Discover Digitain: BUILT TO LEAD iGaming Solutions....

Company profile: DS Virtual Gaming

For two decades, DS Virtual Gaming has been at the forefront...

Exploring X Games' move to sports betting

Gambling Insider’s Megan Elswyth speaks to X Games CEO Jer...