Australia's Crown given 2 years to improve Melbourne casino operations
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[SYDNEY] Australia's Crown Resorts is unsuitable to hold its casino licence in Melbourne and an independent manager should oversee its operations for the next two years, an inquiry has found.
In a report tabled in parliament on Tuesday, Victoria's Royal Commission recommended that Crown's Melbourne licence be cancelled if the regulator is not "clearly satisfied" the operator is suitable to hold a casino licence at the end of that period.
The inquiry heard detailed accounts of Crown's enabling money laundering and failing to act on regulatory concerns. It is the second such probe after one in neighbouring New South Wales state heard similar accounts.
REUTERS
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