Crown Resorts pays a $61m fine in penalties, interest, and unpaid taxes

Crown

Crown Resorts has now paid the State of Victoria approximately $61 million in unpaid tax. This notified the Victorian Royal Commission for Gambling and Liquor Regulation (VCGLR) of the outcome. Crown calculated this amount by combining underpayment of casino tax with the addition of additional penalty interest.

Since the 2012 fiscal year, the underpayment of casino tax has totaled approximately $37 million. This was due to an error in the calculation of bonus rewards given to players in connection with Crown Melbourne’s electronic gaming machines.

Crown also agreed to pay penalty interest on any casino tax underpayments. It will follow the terms of its regulatory agreements with the State of Victoria. The total amount declared up to today is approximately $24 million.

 

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Nassima Azmzm

Nassima Azmzm

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