Crown Resorts, the biggest land-based casino operator in Australia, is likely to obtain a license to operate its Sydney gambling venue this year, according to the New South Wales state regulator.
Philip Crawford, the New South Wales chief gaming regulator, said the reinstatement of the operator’s gambling license in the state is a “realistic prospect,” but only if Crown Resorts manages to put the proper “structures in place.”
Crown Resorts had its gambling license in New South Wales suspended in February, after the report from Patricia Bergin, a Supreme Court Judge in the state, was published.
The report indicated evidence that the company’s facilities and accounts were used for money laundering, and Crown Resorts was deemed unsuitable to operate their casino at Barangaroo in central Sydney. The company invested 2 billion dollars in that development.
Ken Barton, Crown’s Chief Executive Officer, decided to resign following the release of the Bergin report. Five other top executives left the company, including directors Andrew Demetriou, Guy Jalland and Michael Johnston.