Crown Resorts could get permission to open a cashless, junket-free Barangaroo casino in Sydney by the end of the year. It was after agreeing to a list of new policies with the NSW Independent Liquor & Gaming Authority.
Crown Sydney would be unable to operate any international junket operations. All gaming in its casinos would have to be cashless. There must be a card technology linked to identity and a recognized financial institution.
The Crown has agreed to contribute $12.5 million to the Bergin Inquiry’s costs. Crown has also agreed to pay a $5.0m annual Casino Supervisory Levy in the fiscal years 2021 and 2022.
Crown previously stated that it would no longer deal with any junket operators. It has closed its overseas offices as part of a restructure of its International VIP business. And it plans to operate its International VIP activities out of Australia.
The Star has also agreed to stop operating any international junkets and work with the Authority to transition to cashless gaming. In order to prove that it is suitable to hold a casino license in NSW, Crown has gone through a significant board renewal with all senior executives.
“We welcome the ILGA’s indication today that Crown’s reform implementation is a step forwards toward suitability to operate gaming at Crown Sydney,” said Helen Coonan, Crown’s Executive Chairman. It’s important to know that we’re on track. But I’ve assured the regulator that we will continue implementing changes to improve our governance and compliance throughout the organization.”
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