The casino regulator initiates an investigation into Crown Resorts for providing gambling credit

The casino regulator initiates an investigation into Crown Resorts for providing gambling credit

The casino regulator initiates an investigation into Crown Resorts for providing gambling credit

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Victoria casino regulator has taken action against Crown Resorts for the third time this year, launching an investigation into players’ use of bank and blank checks which could result in a fine of up to $ 100 million.

The Victorian Gambling and Casino Control Commission (VGCCC) is investigating Crown following the findings of a royal commission that it provided credit for playing at its Melbourne casino, which is against the law in Victoria.

One practice under investigation was the exchange of a bank check – a check made out in the name of a bank that in many cases is worth nearly as much as cash – for gambling chips.

Another was when Crown gave tokens to customers who provided a blank check made out to the company.

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The royal commission, run by former federal court judge Ray Finkelstein, felt that high rollers could do this at the start of a play session, with the amount due written down once it was over.

VGCCC President Fran Thorn said the credit bans are “vital because they protect customers from gambling beyond their means and protect the Melbourne casino from criminal influence and exploitation.”

“The royal commission found that the Crown has adopted practices involving the use of blank checks and bank checks that have violated these important restrictions,” Thorn said.

A spokesman for the Crown said the company “was responding to inquiries from the VGCCC and will continue to cooperate fully with the commission on this and any other issues arising from the Royal Victoria commission’s report.”

“Crown has undertaken comprehensive reforms throughout the company to ensure that no major compliance failures occur in the future,” they said. “Crown’s priority remains the delivery of its reform and repair program to provide a safe and responsible gaming environment.”

Finkelstein’s investigation, which he reported to parliament in October last year, triggered the other two actions the VGCCC took this year against Crown.

In July, the VGCCC initiated an investigation into Crown into responsible gambling violations identified by Finkelstein. In his report, the former judge said Crown allowed some customers to gamble for 24 hours without interruption and found that its processes for dealing with problem gamblers were lacking.

The VGCCC was considering Crown’s response to the responsible gaming process and said it “will make an additional announcement once these considerations are completed.”

Related: Regulator initiates disciplinary action against Crown Resorts after royal commission results

In May, the VGCCC fined the crown of $ 80 million for allowing customers to disguise gambling spending as hotel room spending using China’s China Union Pay payment system.

The royal commission found Crown to be ineligible to hold the Melbourne license and recommended the appointment of a special manager to make it compliant.

He also recommended reviewing the casino rules.

As a result, the VGCCC replaced the Victorian Commission for Gambling and Liquor Regulation as the regulator of casinos, and the fines it can impose for violations of the law have been increased 100 times, from $ 1 to $ 100 million.

Crown was listed on the stock exchange until the end of July, when it was taken over by the US private equity group Blackstone.

Meanwhile, the New South Wales casino regulator said Thursday received a report from attorney Adam Bell SC on Crown’s Sydney competitor, the Star.

Bell conducted an investigation into Star for the independent NSW Liquor & Gaming Authority that examined allegations similar to those leveled against Crown.

A separate investigation into Star is underway in Queensland, where the company has two casinos.

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