Crown Resorts hopes to open the casino in Barangaroo soon

Crown Resorts has been in the headlines in the past few months due to money laundering incidents. That is why the company was deprived of the license for the casino planned in Barangaroo. Now Crown Resorts still hopes for an early opening of the casinos, which was intended in a district of Sydney.

Turbulent times for Crown Resorts

In the past few months, Crown Resorts have not been going as planned. The company was investigated due to money laundering incidents. In addition, the license for the casino in Barangaroo, which has not yet been opened, has also been withdrawn. Even if the allegations actually only affect casinos. After the incidents became known, the consequences did not only extend to the already running arcades. However, Crown Resorts can get the license again. Because it is only a temporary withdrawal, the company has a chance. The prerequisite for this is to comply with the license conditions and the compliance rules.

Compliance rules include the review of customers. This should the origin of Money be determined. If the specified source does not fit together with personal circumstances of the player, it can be concluded that the money checked comes from criminal machinations. Such presumptions must be pursued in the fight against money laundering. Crown Resorts violated this review and must now bear with the consequences.

So-called VIP customers mainly affected by incidents

The so-called VIP customers in particular were not privileged during a review. The management knew about the money laundering incidents and did nothing against these players. Crown Resorts also worked with junket operators. The company should not have done this. Therefore, the termination of this business cooperation was a condition that Crown Resorts had the chance to get the license again.

Hope for soon opening

Nevertheless, the company is now positive that it will soon get the license again. So Crown Resorts is convinced of his progress and therefore assumes that the license can be recovered. So as soon as this has occurred, that can Casino open in Barangaroo. The gambling group hopes for an opening in January next year. This hopeful view was at least at a conference with investors. These are also interested in the soon opening of the casino. However, because of reports in recent months, Crown Resorts has adhered to the conditions, the chance has increased the license again.

Nevertheless, it must be waited for how the investigation develops. The casino in Sydney was not only suspected of money laundering. In this way, investigations were also carried out in other casinos. This emphasized from the start that the license can only be preserved if all the company’s casinos adhere to the rules.

VIP area in the casino in Barangaroo

Although the VIP customers in particular were involved in money laundering incidents, the gambling group does not want to do without them. According to this, the planned casino should only create its own large VIP area for these customers. This exclusive game pleasure is to offer on an area of ​​20,000 square meters on four floors. How this affects this will be shown. In the future, players can already visit and view the premises at the moment. The casino in the Crown Resort in Barangaroo has not yet opened, but the hotels and the other entertainment options in it. Nevertheless, there is another restriction for the company: it is no longer allowed to accept Chinese players. But because Suncity-main partner of the group has now been completely closed-could be players without a criminal background. However, it remains to be seen when Crown Resort receives the license back.