In a shocking turn of events, the New South Wales Independent Liquor and Gaming Authority (ILGA) has decided to allow Crown Resorts to retain its casino licence in Sydney, despite the damaging findings of the recent Bergin inquiry.
The inquiry, led by former Supreme Court judge Patricia Bergin, uncovered widespread allegations of money laundering, organised crime links, and corporate governance failures within Crown Resorts. The report recommended that the company be deemed unsuitable to hold a casino licence in Sydney, leading many to believe that Crown’s days in the city were numbered.
However, in an unexpected move, the ILGA announced on Friday that Crown would be able to keep its licence under the condition that significant changes be made to its operations. These changes include the appointment of an independent monitor to oversee the company’s compliance with regulatory requirements, as well as the implementation of strict new measures to prevent money laundering and improve corporate governance.
ILGA chair Philip Crawford defended the decision, stating that it was in the best interests of the community to allow Crown to continue operating in Sydney, albeit under strict supervision. “We believe that with the right oversight and governance structures in place, Crown can operate as a suitable casino licence holder in New South Wales,” Crawford said.
The news has been met with mixed reactions from the public and industry experts. Some have praised the ILGA for taking a firm stance against Crown Resorts and holding them accountable for their failings, while others have expressed concern that the company has been let off too lightly.
“This decision sends a message to the industry that inappropriate conduct will not be tolerated,” said anti-gambling campaigner Tim Costello. “However, it remains to be seen whether Crown will actually follow through on their promises to reform their operations.”
Crown Resorts has welcomed the decision, with executive chairman Helen Coonan expressing the company’s commitment to implementing the required changes. “We take our responsibilities as a casino operator very seriously and will work tirelessly to regain the trust of the community,” Coonan said.
As Crown Resorts prepares to embark on a new chapter under heightened scrutiny, the future of the company in Sydney remains uncertain. Only time will tell whether these changes will be enough to salvage the reputation of one of Australia’s largest and most controversial casino operators.
