Crown Resorts officially told it is not suitable to hold Sydney’s second casino licence

Crown Resorts has officially been informed by the NSW gaming regulator it is no longer suitable to hold the licence for its new Sydney Casino.

In an ASX statement released this morning, Crown said it had been informed of the decision and that it had also been found to have breached a clause of the state’s gaming regulations.

It said a consultation process with the Independent Liquor and Gaming Authority (ILGA) had commenced.

The company will be given the opportunity to address the breaches, in a bid to open the casino at Barangaroo in the future.

The decision comes after the release of a scathing report last week, which recommended Crown was unsuitable to hold the gaming licence.

That report, by Commissioner Patricia Bergin, came after a…