Blackstone’s Crown Allowed to Keep Melbourne Casino License
- Company has rectified string of misconduct, regulator says
- Crown woes date back to 2016 crackdown by Chinese authorities
Crown has faced a string of inquiries in Sydney, Melbourne and Perth in recent years that uncovered a swathe of misdeeds.
Photographer: James Bugg/BloombergThis article is for subscribers only.
Crown Resorts retained the license to operate its flagship Melbourne casino after the Victorian state gambling regulator said the company had rectified a litany of wrongdoing including underpaying taxes, facilitating money laundering and exploiting problem gamblers.
The decision is a reprieve for the Blackstone Inc.-owned company, which faced the nuclear option of being stripped of its license to run the casino.