kkjili free 58.Https www kkjili8 com m home,Kkjili casino login register

Crown Resorts fined $1m for junket conduct

Content Team April 28, 2021

Share it :

Crown Resorts fined $1m for junket conduct

“The Commission concluded that in respect of the analysed individuals, the processes implemented by Crown were not robust, as required”

Crown Casino has been fined $1m by the Victorian gambling regulator for failing to vet its junket operations some of whom have links to organised crime gangs.

This Casino was slapped with the maximum amount that can be fined with is that of $1m under the Casino Control Act as it failed to comply with the Victorian Commission’s regulatory obligations.

vcfgThe regulator said ‘This failure meant it was unclear how certain decisions were reached by Crown and whether such decisions were made with due regard to Crown’s regulatory obligations.’

VCGLR Chairman Ross Kennedy said in a statement that the fine reflects the seriousness of the matter and Crown’s failure to implement a robust process occurred over an extended period.

In addition to the fine, a letter of Censure was issued to the Commissioner prohibiting Crown from recommending junket operations in Melbourne until the casino can eventually prove that these can be conducted in line with regulations.

Back in April, SiGMA News had reported Bergin’s conclusions which showed that Crown Resorts was unsuitable to operate its new $2.2 billion development?in Sydney, Barangaroo. Reports indicated evidence that the company’s facilities and accounts were used for money laundering, and the casino was pursuing commercial relationships with individuals with links to triads and other organised crime groups.

About SiGMA Magazine:

SiGMA Magazine, is a bi annual publication shedding light on the remote gaming industry. The publication provides a 360 degree spotlight about gaming and betting, covering topics related to regulatory issues, operators, affiliates as well as SEO trends and more and is distributed by post to leading gaming and business companies worldwide. The publication is also hand delivered across businesses in Malta and at several leading conferences. If you want your brand to feature in SiGMA Magazine or wish to contribute with quality content,?get in touch.

Recommended for you