Crown Resorts presents final submissions to Victorian inquiry

By Violeta Prockyte

In its closing remarks to the Victorian Royal Commission, Crown Resorts has stated it is an integral part of Victoria’s economy, adding that the company has paid at least AU$1.4bn ($US1.04bn) in taxes since 2014.

The operator added that Crown Melbourne employed more than 12,000 people, according to The Canberra Times. However, the company had paid AU$61m on 27 July after it was found that Crown failed to pay some of its casino tax. The company promised there will be no more underpayments.

"It's particularly important at this time, during the pandemic, where tourism and other economic activity is already so hampered ... (that) great care should be exercised before recommending anything that might adversely affect Melbourne and Victoria's ability to advance its tourism industry," said Michael Borsky QC.

However, the opposition argued that the casino remains a profitable business even if Crown Melbourne should switch operators.

Additionally, the newly established Victorian Gambling and Casino Control Commission will regulate all gaming in the state and will work independently from the current gambling and liquor authority. "What this will do is provide us with a sharp focus and a dedicated division in the new regulator that focuses directly on regulating the casino," said Gaming Minister Melissa Horne.

Crown Melbourne announced Chief Executive Xavier Walsh will step down from his duties on 20 August and will leave the company in December. Despite the sudden changes in management, Crown must prove it can safely operate its Melbourne property, as Counsel assisting Adrian Finanzio has already told the Commission the operator is unfit to hold a licence.

The Commission still has to hear several other closing statements before a final decision can be made.


Share This Post


More News

The upcoming Global Gaming Awards Las Vegas are just within reach, at the G2E trade show in Las Vegas, and we are pleased to announce that the full Shortlist is now...

Thanks to Covid-19, online gambling has seen an unprecedented surge in growth, with one of the biggest areas being the online bingo industry. Bingo rarely receives the same respect as other games...