Australias gaming behemoth, Crown Resorts, faces a substantial $30 million penalty for employing illicit strategies, including blank checks, to entice VIP patrons. These actions, which generated a staggering $1.5 billion, have sparked widespread media scrutiny and raised significant concerns regarding the company’s ethical conduct.
The VGCCC, Victoria’s regulatory body for gambling and casinos, approximates that Crown amassed a staggering $30 to $70 million over two decades through these prohibited methods, effectively extending credit to individuals who should have been deemed ineligible. This recent sanction follows an $80 million fine imposed on Crown just last year for a “series of appalling behaviors,” which nearly resulted in the revocation of its license for its prominent Melbourne casino. A rigorous eight-month royal commission determined that Crown was unsuitable to manage the establishment.
Adding to its woes, Crown experienced a significant data security breach earlier this year, further damaging its already tarnished image.
Although Crown has not refuted the accusations, it released a statement asserting that these practices have ceased and that substantial enhancements have been implemented to minimize risks within the organization.
It’s worth noting that this is not Crown’s initial encounter with legal repercussions. Between 2012 and 2016, the corporation incurred an $80 million fine for comparable unlawful activities. Moreover, let’s not overlook the $1.2 billion penalty…
Crown Resorts finds itself facing renewed scrutiny. Their previous disregard for responsible gaming obligations in 2022 resulted in a reprimand. Currently, they are confronted with the possibility of a substantial financial penalty, potentially reaching a staggering 30 million Australian dollars.
The weight of responsibility rests heavily on the shoulders of Crown’s leadership, as the Victorian Gambling and Casino Control Commission (VGCCC) intensifies its oversight. The VGCCC’s message is unequivocal: “We will not tolerate any attempts to conceal these matters. They must be held responsible.”
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