Inquiry says Crown not suitable to hold Melbourne casino licence

The Royal Commission into the suitability of Crown Melbourne to hold a casino licence has found the company is not suitable to hold that licence.

While it’s licence will not be cancelled, the 652-page report from Commissioner Raymond Finkelstein QC said it would be able to operate for two more years under close scrutiny from an external monitor.

The recommendation comes months after a NSW inquiry declared Crown was unfit to open its Sydney casino because it had facilitated money laundering and been infiltrated by organised crime.

Crown’s shares have been under pressure since the start of 2020, losing about 20 per cent of its value over that period, as it faced down the global pandemic and inquiries into its suitability to operate.

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