Crown Resorts’ CEO, Helen Coonan, expressed her unwavering confidence in retaining the company’s casino licenses despite ongoing regulatory inquiries and scrutiny. In an exclusive interview with AGB – Asia Gaming Brief, Coonan emphasized that Crown Resorts is fully committed to implementing stricter compliance measures and enhancing its corporate governance standards to ensure regulatory compliance.
The Australian casino operator has been under intense scrutiny following allegations of money laundering, illegal activity, and links to organized crime at its flagship Melbourne and Perth properties. This has prompted state regulators to launch inquiries into Crown Resorts’ suitability to hold casino licenses in these jurisdictions.
Despite the challenges faced by the company, Coonan remained optimistic about Crown Resorts’ future. She stated, “We are confident in our ability to work closely with regulators to address any concerns and ensure that we meet and exceed all compliance requirements. We are fully committed to operating with the highest standards of integrity and transparency.”
Coonan also highlighted the significant progress that Crown Resorts has made in implementing reforms and strengthening its compliance processes. This includes the establishment of a dedicated Compliance Committee, the appointment of independent directors to oversee regulatory matters, and the implementation of new anti-money laundering controls.
In addition to these measures, Crown Resorts has also undertaken a comprehensive review of its practices and policies to identify any potential areas for improvement. Coonan emphasized the company’s commitment to proactive compliance efforts, stating, “We are constantly reviewing our operations and implementing new procedures to ensure that we are fully compliant with all regulatory requirements.”
Despite the challenges facing the company, Coonan’s steadfast confidence in retaining Crown Resorts’ casino licenses has instilled a sense of reassurance among shareholders and stakeholders. With a strong commitment to regulatory compliance and corporate governance, Crown Resorts is poised to overcome its current challenges and emerge as a leader in the global gaming industry.
