Australian federal court approves AU$450m fine for Crown
Crown Resorts will be paying a 450 million Australian dollar fine.This news follows a recent joint announcement published by the operator and the Australian financial...
Crown Melbourne fined a record AU$120m
Victoria’s gambling regulator has recently handed out a record-breaking 120 million Australian dollar fine to Crown Resorts over numerous breaches at its Melbourne property.
The gambling regulator in the Australian state of Victoria has come to the decision to enact the largest allowed penalty on Crown Entertainment over a number of responsible gaming shortcomings which were recorded over a number of years.
One of the main reasons for the fine was Crown’s leniency on unreasonably long gambling sessions. The regulator stated that the company sometimes allowed people to play for over 24 hours.
Another major motivator for the record-breaking penalty was the casino’s failure to restrict the use of picks and other similar contraptions by its visitors to “autoplay” on certain gambling machines.
Combined with other underdeveloped problem gambling prevention measures, the regulator issued two main amercements, with the main one worth 100 million Australian dollars, while the rest of the 20 million was for the picking devices.
This record breaking fine of 120 million Australian dollars should send a message to Crown and all other operators in the state that the regulatory body will not tolerate egregious breaches like these that have the potential to cause immense harm to players. These shortcomings were unfortunately not one-off cases, they were repeated failures that were overlooked for about a dozen years.
commented the chairperson of the VGCCC, Fran Thorn.
Crown Resorts agrees to AU$450m fine
AUSTRAC and two of Crown’s divisions in Melbourne and Perth have recently jointly proposed a 450 million Australian dollar fine for the operator’s AML and CTF shortcomings.
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