{"id":202005,"date":"2022-02-18T10:53:57","date_gmt":"2022-02-18T18:53:57","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=202005"},"modified":"2022-02-18T11:24:05","modified_gmt":"2022-02-18T19:24:05","slug":"crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/","title":{"rendered":"Crown Sydney Could Launch Gaming Next Month, A Year After Losing License"},"content":{"rendered":"

Starting next month, Crown Resorts<\/a>\u2019 $1.6 billion Crown Sydney<\/a> might finally have an operational casino. A spokesperson for the New South Wales gaming regulator, ILGA, told Channel 7 News there that it \u201canticipated\u201d that Crown could begin to offer gaming on a conditional basis within the next few weeks.<\/p>\n

\"Crown
The Crown Sydney has been described as a \u201cphallic\u201d blot on the Sydney skyline by its detractors. (Image: Crown Resorts)<\/figcaption><\/figure>\n

This does not mean ILGA believes Crown is now suitable to hold a license in New South Wales (NSW), the spokesperson added. But the commencement of gaming will allow the regulator to \u201cassess Crown\u2019s progress towards suitability.\u201d<\/p>\n

Crown lost its NSW license in February 2021 on the recommendation of a public inquiry led by former NSW Supreme Court judge Patricia Bergin.<\/p>\n

Bergin found that \u201cpoor corporate governance\u201d had led to the facilitation of money laundering. It also caused the pursuit of commercial relationships with junket operators with links to triads and other organized crime groups.<\/p>\n

Crown Sydney Anticlimax<\/strong><\/h2>\n

Crown had hoped to launch the new venue, the tallest skyscraper on the Sydney skyline, with much fanfare in late December 2020. But with the Bergin Inquiry still in full swing, the company was denied permission to open its gaming floor, although its hospitality and dining facilities commenced as planned.<\/p>\n

\n

The fact that Crown Sydney was conceived as a destination catering to the Asian VIP segment likely contributed to the decision. It was Crown\u2019s pursuit of this market that got it in hot water. \u00a0<\/strong><\/p>\n<\/div>\n

Crown Sydney was always a controversial project. Critics said its initial license was awarded too freely back in 2013, and there was a lack of public consultation about a project that would become so transformative to the city\u2019s skyline. Its design has been described as \u201cphallic<\/a>.\u201d Construction was delayed by legal challenges and planning regulations.<\/p>\n

The Bergin Inquiry recommended that Crown would have to implement substantial and widespread reforms before it could be considered suitable for licensing in NSW.<\/p>\n

Crown Extends Losses<\/strong><\/h2>\n

The inquiry\u2019s findings triggered similar investigations in Perth and Victoria, the latter home to the operator\u2019s flagship Crown Melbourne.<\/p>\n

On Thursday, it posted a net loss of A$196 million (US$140 million) for the six months ended December 31. That\u2019s compared with a loss of A$121 million (US$87 million) in the prior corresponding period. The company cited the regulatory pressures, as well as disruption to operations from COVID-19.<\/p>\n

Earlier this month, Crown agreed to a US$6.3 billion takeover by private equity giant Blackstone Group. The deal provides an exit for billionaire James Packer, the company\u2019s founder and largest shareholder, whom Bergin described as having a \u201cdisastrous\u201d influence on the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Starting next month, Crown Resorts\u2019 $1.6 billion Crown Sydney might finally have an operational casino. A spokesperson for the New South Wales gaming regulator, ILGA, told Channel 7 News there that it \u201canticipated\u201d that Crown could begin to offer gaming on a conditional basis within the next few weeks. This does not mean ILGA believes […]<\/p>\n","protected":false},"author":36,"featured_media":202006,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,13592],"tags":[],"acf":[],"yoast_head":"\nCrown Sydney Could Launch Gaming in March, A Year After License Loss<\/title>\n<meta name=\"description\" content=\"Crown Sydney could open its casino floor in a matter of weeks, according to ILGA, just a year after losing NSW license.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown Sydney Could Launch Gaming in March, A Year After License Loss\" \/>\n<meta property=\"og:description\" content=\"Crown Sydney could open its casino floor in a matter of weeks, according to ILGA, just a year after losing NSW license.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-18T18:53:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-18T19:24:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/crown-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/\",\"url\":\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/\",\"name\":\"Crown Sydney Could Launch Gaming in March, A Year After License Loss\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/crown-scaled.jpg\",\"datePublished\":\"2022-02-18T18:53:57+00:00\",\"dateModified\":\"2022-02-18T19:24:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Crown Sydney could open its casino floor in a matter of weeks, according to ILGA, just a year after losing NSW license.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-sydney-could-launch-gaming-in-march-a-year-after-license-loss\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/crown-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/02\/crown-scaled.jpg\",\"width\":2560,\"height\":1920,\"caption\":\": The Crown Sydney has been described as a \u201cphallic\u201d blot on the Sydney skyline by its critics. 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