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Crown Casino Melbourne Australia
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The casino is open for operation 24 hours a day, seven days a week except for Christmas Day, Good Friday, and Anzac Day. Gracing the skyline of downtown Melbourne are the three Crown hotel towers. Crown Towers is a five-star luxury hotel located within the Entertainment complex, housing over 480 rooms on 38 floors. Crown Casino Melbourne could be stripped of its licence as the Victorian government orders an investigation into the gaming venue. Crown resorts has been hit by a major setback after the New South.

© Photographer: Mark Dadswell/Bloomberg The Crown Resorts Ltd. logo is displayed at the Crown Melbourne casino and entertainment complex in Melbourne, Australia, on Wednesday, Aug. 2, 2017. Billionaire James Packer's Crown Resorts is scheduled to report full-year results on Aug. 4.

(Bloomberg) -- Crown Resorts Ltd. license to operate its flagship Melbourne casino will be reviewed earlier than planned after an inquiry in Sydney exposed wide-ranging governance and anti-money laundering failures.

A dedicated commissioner at Victoria’s gaming regulator will investigate Crown’s suitability to hold the state’s only casino license, the Victorian government said Thursday. The report is due in 2021.

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The probe adds to scrutiny of a gaming company already under pressure to tighten controls. A separate inquiry this year in Sydney, where Crown is poised to open a $1.5 billion casino resort, revealed wide-ranging dysfunction and oversight lapses, and showed the board secretly gave special treatment to billionaire shareholder James Packer.

“We’re making sure Crown Melbourne conducts its business in a transparent and appropriate manner,” said Melissa Horne, Victoria’s minister for consumer affairs, gaming and liquor regulation. “The government will take any appropriate and necessary action,” it said, adding that evidence from the Sydney probe was “concerning.”

Shares of Crown fell as much as 1.2% in Sydney before trading down 0.7% at A$9.78 at 10:16 a.m. The stock has lost 18% this year.

Crown Casino Melbourne Australia

Crown said in a separate statement it “will continue to work cooperatively” with the Victorian state regulator to support its review.

Crown, which has already delayed the opening of its Sydney casino, said yesterday it expects to start non-gaming operations at the waterfront site from Dec. 28.

(Updates with stock decline and company response in the fifth and sixth paragraphs.)

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Casino In Melbourne Australia

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