• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 22 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Crown’s internal AML controls described by inquiry judge as a “debacle”

Ben Blaschke by Ben Blaschke
Fri 25 Sep 2020 at 04:15
Crown’s internal AML controls described by inquiry judge as a “debacle”
48
SHARES
1.2k
VIEWS
Print Friendly, PDF & Email

The judge overseeing an inquiry into Crown Resorts’ suitability to hold a NSW casino license has described the company’s internal anti-money laundering controls as a “debacle.”

Commenting on the proceedings this week as Crown CEO Ken Barton took the stand, Commissioner Patricia Bergin questioned comments made by Barton that he was unaware of deposits and transfers being made in junket rooms located within its own casino at Crown Melbourne.

She also wondered how the Victorian gaming regulator was supposed to keep track of happenings within Crown Melbourne’s walls if its own management didn’t know.

“This is what’s troubling me,” Bergin said. “There has to be some more transparency because this, in effect, has really reached the debacle level.

“At the moment it is just extraordinarily troubling.”

Crown Sydney

The inquiry, being held by the NSW Independent Liquor and Gaming Authority, follows last year’s planned sale by Crown’s largest shareholder, James Packer, of a 19.99% stake in the company to Melco Resorts. Melco ultimately backed out of acquiring the second half of that stake before earlier this year offloading the 9.99% it did acquire.

With Melco no longer involved, the inquiry is now focusing on allegations aired via certain Australian media outlets last year questioning Crown’s AML controls, among other things, given its use of Asian junkets allegedly linked to organized crime.

The NSW Independent Liquor and Gaming Authority said at the time that these reports “raised various allegations into the conduct of Crown Resorts and its alleged associates and business partners and raised questions as to whether the Licensee remains a suitable person to hold a restricted gaming license for the purposes of the Casino Control Act.”

Crown is due to open its AU$2.2 billion VIP casino, Crown Sydney, later this year where it is assumed junkets will play an important role in introducing high rollers.

According to the Australian Financial Review, it was also claimed during the inquiry this week that Packer’s right-hand financial man, Michael Johnston, had tried to alter Crown’s financial forecasts to potentially benefit the company’s largest shareholder ahead of the sale of shares to Melco. Johnston was a board member of both Crown and Packer’s Consolidated Press Holdings.

RelatedPosts

Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder

Novomatic submits new unconditional takeover bid for Australian slots supplier Ainsworth

Wed 20 Aug 2025 at 06:33
New investor requests two seats on new-look Donaco board

Donaco goes private following full acquisition by Hong Kong investment firm

Wed 20 Aug 2025 at 05:50
Ainsworth completes first Philippines installations of new A-Star slots cabinet

Ainsworth results improved in 1H25 on 81% increase in revenue from Asia-Pacific region

Wed 20 Aug 2025 at 04:56
Ciarán Carruthers: Crowning glory

Victorian regulator censures Crown Melbourne after players allowed to continue beyond pre-commitment limits

Tue 19 Aug 2025 at 19:37
Load More
Tags: AustraliaCrown MelbourneCrown ResortsCrown SydneyinquiryJunketsNSW Independent Liquor and Gaming AuthorityPatricia BerginVIP
Share19Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Wynn Macau

Wynn Macau Ltd to redeem in full US$1 billion of outstanding notes due 2026 in September

by Ben Blaschke
Fri 22 Aug 2025 at 11:00

Wynn Macau Ltd confirmed Friday that it will redeem in full senior notes due 2026 and valued at US$1 billion on 2 September 2025. The redemption includes the company’s US$750 million 5.500% senior notes due 2026 issued in June 2020...

Indian court denies request to block all online gambling sites during cricket World Cup

Indian parliament bans all real-money online gambling

by Newsdesk
Fri 22 Aug 2025 at 06:21

The Indian parliament has passed a bill that will ban all real-money online gaming, including skill games such as fantasy sports and poker. Reuters reports that India’s upper house passed the controversial Promotion and Regulation of Online Gaming Bill 2025...

Sri Lankan cabinet approves creation of Gambling Regulatory Authority

Sri Lankan parliament passes Gambling Regulatory Authority Bill

by Ben Blaschke
Fri 22 Aug 2025 at 06:03

Sri Lanka’s Gambling Regulatory Authority Bill has been passed by the nation’s parliament with amendments, local media has reported. The Bill, which was gazetted in May under the directives of President Anura Kumara Dissanayake in his capacity as the Minister...

Winford Resort & Casino Manila becomes first Philippines IR to commit to 30% plant-based menu by 2026

Winford Resort & Casino Manila becomes first Philippines IR to commit to 30% plant-based menu by 2026

by Newsdesk
Fri 22 Aug 2025 at 05:40

Winford Resort & Casino Manila has become the first gaming complex in the Philippines to publicly commit to a comprehensive plant-forward initiative, pledging to make 30% of all menu offerings plant-based across its food service operations by early next year....

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語