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Gaming giant Crown has changed its ways enough after a series of scandals to keep operating its Melbourne | Gaming giant Crown has changed its ways enough after a series of scandals to keep operating its Melbourne casino, according to a watchdog.<br><br>The Victorian Gambling and [https://www.crypto-vegas.com/games/heads-or-tails online casino] Control Commission on Tuesday announced it was satisfied Crown is suitable to continue holding a casino licence.<br><br>This is despite a Victorian royal commission finding in 2021 that Crown's conduct was 'illegal, dishonest, unethical and exploitative' but stopping short of suggesting the government strip its casino licence.<br><br><br><br><br>Crown [https://www.crypto-vegas.com/games/horse-racing vegas online casino] in Melbourne will continue to operate after a watchdog said it had met the conditions of a two-year probation<br><br><br>READ MORE: James Packer faces public grilling as he fights to hold on to Crown Resorts' gaming licence amid allegations of money laundering and links to Chinese organised crime<br><br><br><br><br><br><br> <br><br><br><br>Advertisement<br><br>Crown was instead given two years to reform after the commission headed by former Federal Court judge Ray Finkelstein QC.<br><br>A special monitor was appointed to report to the regulator before it decided whether the company was suitable to hold the licence.<br><br>'The commission considers the issues identified by the royal commission have been comprehensively addressed,' commission chair Fran Thorn said.<br><br>Ms Thorn said Crown had created a Melbourne transformation plan that will form the commission's ongoing oversight through a statutory declaration of the casino and its legal and social obligations.<br><br>'In return for the privilege of an exclusive licence, Victorians have the right to expect Crown Melbourne will never again prioritise profit ahead of the safety and [https://www.crypto-vegas.com/ www.crypto-vegas.com] wellbeing of its patrons and staff,' Ms Thorn said.<br><br>'Crown must continue to seek to rebuild and earn public trust by demonstrating its good character, honesty and integrity.'<br><br>US private equity giant Blackstone acquired Crown for $8.9 billion in June 2022, ending billionaire James Packer's control of the company.<br><br>Following separate inquiries in Victoria, NSW and Western Australia, Crown has been fined $700 million for breaches including wrongly claiming tax deductions and flouting responsible gambling laws.<br><br><br><br><br>Crown is Victoria's largest single site employer and has around 11,500 people on its books<br><br>The biggest fine came when Crown agreed to pay the Australian Transaction Reports and Analysis Centre $450m for failing to comply with anti-money laundering and counter-terrorism financing laws.<br><br>Crown employs more than 20,000 people nationwide, with about 11,500 workers based in Melbourne, making it Victoria's largest single-site private employer.<br><br><br>Melbourne<br><br>In case you loved this short article along with you want to obtain guidance relating to [https://www.crypto-vegas.com/page/terms-of-use https://www.crypto-vegas.com/page/terms-of-use] i implore you to go to our own web-site. |
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