efbet.jpg
efbet.jpg
efbet.jpg
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 26 July 2018

Crown Resorts’ tax dispute to go to court

By Oliver Rudgewick

Casino operator Crown Resorts are scheduled to appear in court next month, as they challenge a AUS$362m ($270m) tax bill, after the tax office refused leniency.

The tax bill is 5% more than Crown’s normalised 2017 net profit; it is compromised of back taxes and penalties after the company’s expansion into Las Vegas proved unsuccessful.

The amended assessments relate to the tax treatment of some of the financing for Crown’s investment in Cannery Casino Resorts and other investments in North America, relating to period between 2009 and 2014.  

Crown’s expansion plans were halted in 2016 after more than a dozen staff were accused of and  jailed for promoting gambling in mainland China.

Crown have been fighting the bill since way back in  2016, and is set to be resolved after the tax office dismissed the operators objections in May.

Crown reiterates that it considers it has paid the correct amount of tax and intends to pursue all available avenues of objection (including, if necessary, court proceedings) to the amended assessments.

RELATED TAGS: Legal & Regulatory | Industry
DISCUSS THIS ARTICLE
IN-DEPTH 30 January 2020
CEO Special 2020: BetConstruct/VBet - The long game
READ MORE

PREMIUM CONNECTIONS
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...