Business
Cash ban at Crown Sydney and The Star to counter money laundering fears – Sydney Morning Herald
Crown Resorts will ban cash from all of its Australian casinos in an effort to stop criminals from laundering drug money and other ill-gotten gains on its gaming…
Crown is currently the subject of a bidding war, with The Star proposing a $12 billion merger on Monday and US private equity giant Blackstone also pursuing an $8 billion takeover.
Mr Crawford said Crown would also to phase out smoking at its Australian casinos by 2022, bringing an end to an special arrangement at some of its high-roller gambling rooms were exempt from anti-smoking laws.
An Independent Monitor was being appointed to examine changes Crown had made to its corporate governance, anti-money…
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