News – AU – Andrews says Crown needs to be “accountable,” the royal commission announces


Victoria has announced a royal commission on Crown Casino’s eligibility to hold a Victorian casino license

Crown Resorts’ suitability for running Melbourne’s casino is under scrutiny by a new royal commission in Victoria after damn results of an NSW investigation into the gambling giant revealed it was unsuitable for a casino license / p>
Earlier this month, the Bergin Investigation in NSW made a damned finding that Crown Resorts was unsuitable to own a casino license due to poor governance and a number of issues at Melbourne Casino
Much of the negative evidence against Crown Resorts related to incidents and conduct at the company’s flagship Melbourne casino, including permitting money laundering

The government said the royal commission would be set up after examining the results of the Bergin inquiry

“This is about ensuring that those who hold a casino license in Victoria meet the highest standards of honesty and integrity – and that they are accountable for their actions,” Prime Minister Daniel Andrews said in a statement in which the royal commission was announced

Another change is coming for the competitive casino giant Crown Resorts, and major shareholder James Packer may have to radically reduce its stake, writes business reporter Daniel Zahl

The work of the Bergin investigation exposed the Victorian Commission for Gambling and Liquor Regulation (VCGLR) and the state government for failing to respond to allegations made by whistleblowers, media and MPs from previous years

Until this week, the Prime Minister and his ministers have defended the work of the VCGLR

The government has selected a royal commission to make it easier for former board chairman Ken Barton and former board members including Andrew Demetriou to testify

Minister for Gambling and Alcohol Regulation Melissa Horne said the reports from the Bergin investigation in NSW were “incredibly worrying”

“So we’re setting up a royal commission to get the answers we need about Crown Melbourne,” she said

“The Royal Commission will ascertain the facts and the government and the VCGLR will take all necessary action once the investigation is complete

The state is also conducting a review to see if Victoria should establish an independent casino regulator apart from the VCGLR

Following the Bergin investigation, the state opposition called for a judicial review of Crown because regulators had proven to be the casino’s “lapdog”

The Greens have called for Crown to suspend and revoke its license while Reason Party MP Fiona Patten has pushed for a parliamentary investigation into the gambling giant

It’s a tough topic for the Andrews government with Crown Casino over 16000 employees at Melbourne Casino is the largest employer for any location in the state

According to a 2018 assessment by ACIL Allen Consulting quoted on Crown Resorts’ website, Crown’s estimated economic contribution to real Australian GDP was up to $ 4.4 billion, with Crown Melbourne up to $ 3 billion. Dollar contributes 2 trillion

When the previous Napthine government renewed Crown’s license, it included a clause requiring the state to pay more than $ 200 million if a future government changed the casino’s license

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Crown Melbourne, Crown Resorts, Royal Commission, Victoria State Government, Australia

News – AU – Andrews says Crown must be “accountable,” announces Royal Commission