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The NSW Independent Liquor and Gaming Authority (ILGA) has revealed that it will immediately resume its public inquiry into Australian casino operator Crown Resorts following a near three month delay due to COVID-19.
However, the inquiry will shift its focus from the acquisition of a 9.99% stake in Crown by Macau’s Melco Resorts and Entertainment in May 2019 to Crown’s suitability to hold a NSW casino license after Melco recently sold off its entire holding.
ILGA said it has decided that “all work of the casino inquiry will resume immediately” due to the easing of COVID-19 restrictions but that, “Following changes in the ownership of shares in Crown Resorts by Melco Resorts, the inquiry’s Terms of Reference have been updated.”
The inquiry will now focus on a suitability review of Crown to operate its AU$2.2 billion Crown Sydney development at Barangaroo, due to open in early 2021, after certain Australian media outlets published explosive allegations last year that it had engaged in money laundering, breached gambling laws and partnered with junket operators with links to drug traffickers, money launderers, human traffickers and organised crime groups.
According to the ILGA, the Commissioner is to inquire and report on whether Crown is still suitable to hold a license for its Sydney casino and whether the original sale of shares to Melco breached its restricted gaming license, among other related matters.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NSW to Resume Investigation into Crown Resorts
