Crown Resorts is introducing “social distancing” at its Melbourne casino in response to the coronavirus epidemic. Crown said on Monday it would keep gamblers apart by switching off every second gaming machine and electronic table, barring standing players at seated table games, and restricting the number of players at stand-up table games to five. Crown's lawyers made a bombshell admission to the inquiry on Wednesday morning that money was likely laundered through its bank accounts, but insist the company was still fit to run the casino. DOLLAR BEER NIGHT AT THE CROWN LOUNGE AND CASINO!!!!! Well every Wednesday you can buy domestic draft beers for just $1.00. Tell your friends, stop after work. Crown Casino is now open and ready to welcome you back. Restrictions on the gaming floor will apply, with safety as our priority. The Western Australian Government requires Crown Perth to maintain a mandatory contact register of all guests and employees as an additional protection measure to control the spread of COVID-19.
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Crown Resorts was arrogant towards regulatory compliance and didn't properly act on money laundering red flags, an inquiry into the company suitability to run a new $2.2 billion Sydney casino has heard. The Barangaroo premises, slated to open in mid December, is under a massive cloud amid the NSW Independent Liquor and Gaming Authority probe. The regulator is reportedly set to meet with Crown on November 18 to discuss whether to push back, or put conditions on, the casino's opening. Lawyers assisting the inquiry have argued Crown is not fit to hold the Barangaroo licence due to its poor culture, lack of risk management procedures and links to dodgy junket operators. In concluding her final submissions on Monday, counsel assisting Naomi Sharp said evidence across the hearings had shown Crown had an 'arrogant indifference' to regulatory compliance. '(There is a) culture of denial and an unwillingness to examine past failings. And ... a culture which has prioritised the pursuit of profit above all else,' she said. Counsel assisting Scott Aspinall said transactions uncovered during the hearings showed Crown was either ignorant or apathetic about the money laundering risks involving two subsidiary companies. 'It's open for you to find that money laundering did occur,' he told inquiry commissioner Patricia Bergin. He said money was moved through companies Southbank and Riverbank from 2014-17 by 'smurfing', a process of splitting up money in smaller deposits to avoid detection. There were also examples cash was deposited anonymously to those companies, he said. ANZ in 2014 raised 'red flags' with Crown about Southbank and Riverbank and eventually shut down their accounts with the bank. Mr Aspinall said Crown failed to properly investigate why, and the problems persisted for years. The lawyer representing Crown, Neil Young, is set to address the allegations in his closing submissions on November 16. Mr Young said CCTV vision aired at the inquiry showing a bag full of cash being unloaded at one of Crown's high-roller rooms in Melbourne was not definitive proof of money laundering. But he did concede it amounted to a 'suspicious matter'. 'We will also explain in our submissions that Crown has taken steps to prevent such events ever recurring,' he said. Many of Crown's cultural problems stem from the 'dubious tone' set by former executive chairman and major shareholder, James Packer, the inquiry has previously heard. Lawyers representing Mr Packer's company Consolidated Press Holdings, which holds a 36.8 per cent stake in Crown, will address the inquiry on Wednesday. Commissioner Bergin, who is expected to produce a final report by February, may recommend the licence agreement for the new casino be terminated, suspended, or have new conditions added. Australian Associated Press
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Crown Resorts should be able to open its $2.2 billion Sydney casino next month as a 'working test' of its operations, a lawyer representing the company says. The future of the towering hotel, casino and entertainment complex is under a cloud amid an Independent Liquor and Gaming Authority probe examining whether Crown is fit to run the gaming operation. The regulator announced on Wednesday it was withholding regulatory approval for Crown to open the casino in mid-December until the inquiry hands down its report. The extraordinary inquiry has previously heard evidence the company facilitated money laundering, partnered with dodgy junket operators and had a poor culture. 'Many of the matters the authority may wish to be satisfied about are going to be matters that require a working test, as it were,' Crown's lawyer Neil Young QC told the hearing on Thursday. 'That is best addressed by allowing the casino to operate and then very closely monitoring, reviewing and having an audit after two months ... of how it's running. 'We don't suggest that there needs to be, in the overall scheme ... a complete postponement of the commencement of operations.' Mr Young said the company was reviewing its culture and would conduct a full report into operations a year after the casino opens. 'The Crown board ... is trying to address the issues in the fullest and most appropriate way,' he said. Mr Young suggested Crown's junket partners could be made to pass a probity test and be licensed by regulators. He rejected recommendations from lawyers assisting the inquiry that major shareholder and billionaire James Packer be forced to dilute his shareholding in Crown. Counsel assisting recommended Mr Packer's company Consolidated Press Holdings not exercise more than 10 per cent of its voting power. Mr Young said this was not necessary as there was no evidence CPH intended to use its voting power inappropriately. He said the board had already reduced the influence of CPH and Mr Packer by terminating an agreement that allowed them access to certain Crown information. Mr Young said Crown and CPH's relationship will be 'no different' to that of any public company and its major shareholder. The ILGA on Wednesday said allowing gambling to take place at the Barangaroo casino before the inquiry delivers a final report in February would pose an unacceptable community risk. Crown says it will continue to focus on opening non-gaming operations until February. Crown's lawyers have admitted that money was likely laundered through its bank accounts, but sought to persuade inquiry commissioner Patricia Bergin that subsequent reforms meant it was now fit to hold the casino licence. Australian Associated Press