Australia Casino Giant's Shares Fall After Reports Asian Gangs Laundered Cash
- Crime gang used Crown-linked accounts for laundering: report
- Crown shares fall most in three months in Sydney on reports
The Crown Melbourne casino and entertainment complex.
Photographer: Mark Dadswell/BloombergThis article is for subscribers only.
Crown Resorts Ltd. may be investigated by Australia’s parliament after reports that an Asian crime syndicate allegedly laundered money through the Melbourne-based company’s casinos.
The Age and The Sydney Morning Herald newspapers, along with the 60 Minutes television program, reported at the weekend that Crown used junket operators with links to drug traffickers as it sought to bring higher-roller Chinese gamblers to its Australian casinos.