Crown Resorts, the most powerful operator of land-based casinos in Australia, has received more bad news from Victoria as the local government decided to slap the company with a fine worth 20 million Australian dollars.
The Victorian Gambling and Casino Control Commission (VGCCC) was the government body that imposed the fine and explained the reason behind it was that Crown Melbourne failed to pay the proper amounts of casino tax over a long period of time.
With this fine, the total amount that Crown Resorts had to pay following decisions by the Victorian Gambling and Casino Control Commission now amounts to no less than 250 million Australian dollars. Moreover, the company reached a settlement with AUSTRAC, the Australian financial crimes watchdog, and agreed to pay 450 million Australian dollars.
Crown Melbourne was deemed unsuitable to hold a casino license following an investigation into the casino’s activity, but the local regulator decided to give the company a two-year window in which it has to return to suitability under the supervision of an independent manager.