{"id":107130,"date":"2021-02-15T23:58:53","date_gmt":"2021-02-15T23:58:53","guid":{"rendered":"https:\/\/fin2me.com\/?p=107130"},"modified":"2021-02-15T23:58:53","modified_gmt":"2021-02-15T23:58:53","slug":"australian-state-watchdog-tells-crown-resorts-it-is-unsuitable-for-gaming-licence","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/australian-state-watchdog-tells-crown-resorts-it-is-unsuitable-for-gaming-licence\/","title":{"rendered":"Australian state watchdog tells Crown Resorts it is unsuitable for gaming licence"},"content":{"rendered":"<figcaption>FILE PHOTO: The Crown Casino complex is pictured in Melbourne March 19, 2016.  REUTERS\/Jason Reed\/File Photo<\/figcaption><p>(Reuters) &#8211; The New South Wales (NSW) state gambling watchdog considers Crown Resorts unfit to hold a gaming licence for its flagship Sydney casino, Crown said on Tuesday, a week after an inquiry found widespread money laundering and governance issues.<\/p>\n<p>The casino operator said the state gambling watchdog gave it a notice in a letter after its Sydney casino breached a clause of the VIP Gaming Management Agreement.<\/p>\n<p>The watchdog has now begun a consultation process and invited Crown to address the authority, it said.<\/p>\n<p>A report issued last week calling for sweeping changes to Crown\u2019s board and culture was the culmination of a year-long inquiry commissioned by the NSW gambling watchdog that found criminal conduct took place at Crown\u2019s Melbourne casino.<\/p>\n<p>Since then, Crown\u2019s chief executive and three other directors have resigned, while another broke links with major shareholder James Packer, whose influence on the company was also criticised.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-austrlaia-crown-resorts\/australian-state-watchdog-tells-crown-resorts-it-is-unsuitable-for-gaming-licence-idUSKBN2AF1XU\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: The Crown Casino complex is pictured in Melbourne March 19, 2016. REUTERS\/Jason Reed\/File Photo(Reuters) &#8211; The New South Wales (NSW) state gambling watchdog [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":107129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australian state watchdog tells Crown Resorts it is unsuitable for gaming licence - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/australian-state-watchdog-tells-crown-resorts-it-is-unsuitable-for-gaming-licence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian state watchdog tells Crown Resorts it is unsuitable for gaming licence - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The Crown Casino complex is pictured in Melbourne March 19, 2016. 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