“After more than one year’s work with Crown, the Authority is pleased to have reached a stage where Crown can open its casino operations on a conditional basis,” NSW Independent Liquor & Gaming Authority chairman Philip Crawford, said.
Crown’s casino licence for Barangaroo was suspended in late 2020 amid the Independent Liquor and Gaming Authority’s damning public inquiry into its operations,The inquiry’s report, released in February last year, found Crown needed a management overhaul if it ever wanted to hold a casino licence, and the state’s gambling regulator should reconsider Packer’s involvement.
It said that it was obvious that Packer, as a 36 per cent shareholder in Crown, exercised the “real power” which had “disastrous consequences for the company”.It also called on NSW to establish the Independent Casino Commission, a “dedicated, stand-alone, specialist casino regulator with the necessary framework to meet the extant and emerging risks for gaming and casinos”.
The ILGA has already approved Blackstone’s $8.9 billion acquisition of Crown which settles on Friday, having received probity approval from all of the states in which Crown operates.More than a decade has passed since James Packer started a campaign to build what was then described as a VIP gambling room inside a luxury hotel on Sydney Harbour.
ColinJKruger Price of brown paper bags goes through the roof as supplies run out. ICAC
ColinJKruger If the big 4 can do it, why not Crown?
ColinJKruger The green light is out when Barangaroo is called upon to participate in energy markets (not gaming markets) by load shedding.
ColinJKruger wow, couldn't see that one coming ... 😉
ColinJKruger Well this is bullshit
ColinJKruger Barangaroo is the biggest money laundering machine I have ever seen
ColinJKruger Why....should be in jail..what a waste of time.
ColinJKruger The condition is, we’ll look the other way..
ColinJKruger Gaming regulation in this country really is one big joke.