Connect with us

Business

Crown Resorts admits money laundering was ‘likely’ happening in VIP gaming operation – ABC News

Crown Resorts has for the first time admitted money laundering was likely occurring through accounts set up to handle VIP gaming in its Australian casinos.

Published

on

post featured image

Crown Resorts has, for the first time, admitted to an inquiry that money-laundering was “likely” occurring through the accounts it set up for its VIP players.

  • The inquiry centered around millions of dollars being deposited into two Crown-controlled companies
  • Crown’s lawyer said the company accepted some form of money laundering was occurring
  • The company could be stripped of its licence to run a large new casino in Sydney

The NSW Independent Liquor and Gaming Authority (ILGA) has been examining evidence…

Click here to view the original article.

Continue Reading
Advertisement
Advertisement

Trending