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Comprehension checkCrown Resorts Plans to Open a Casino in Sydney in the Coming Weeks
Crown Resorts may open a gambling institution in its $2.2 billion Crown Sydney hotel in the next few weeks. It is reported by the local press.
The hotel opened for the first time in late 2020. But soon the casino was put on hold because of an investigation by the Gaming Authority (ILGA) led by former Supreme Court Justice Patricia Bergin. Eventually, the corporation lost the right to conduct gambling business in Crown Sydney.
Bergin published a report running nearly 800 pages. It stated that Crown Resorts violated several local laws, including the organization of junket tours.
On February 21, an ILGA spokesperson said that the Authority might permit Crown [Resorts Ltd] to commence gaming on a conditional basis in the next few weeks.
The announcement comes after Crown Resorts shareholders backed the company’s takeover by the Blackstone investment group. The expected amount of the transaction is 8.9 billion Australian dollars (6.3 billion U.S. Dollars).
In October 2021, the company also retained its Melbourne casino license, despite Crown Resorts having previously been deemed an “unsuitable” operator by the Victorian Royal Commission. For Western Australia, the corporation is awaiting the publication of the Royal Commission’s report on casinos in Perth. It must be presented to the public no earlier than March 4, 2022.
Recall that a visitor to the Grand Casino Baden won more than $115,000.
