Crown’s Sydney Casino Stages a Comeback in Early 2022
Embattled land-based casino operator headquartered in Australia, Crown Resorts Ltd, has announced its plans to start offering gambling at its Sydney resort in early 2022, more than a year after it opened and was banned due to money laundering and gang-related issues.
The 75-floor tower Sydney complex opened in December 2020 with several attractions, including a casino. However, it couldn't start operations after several media reports linked the casino's dealings with organized crime groups and found it unfit to hold gambling licenses in Sydney and Melbourne.
The reports and further investigations by the Independent Liquor and Gaming Authority (ILGA) led to the suspension of the operator's license.
For several months, the casino has embarked on new reforms, including overhauling its leadership and board. The New South Wales state Independent Liquor and Gaming Authority which oversees Crown's Sydney license, noted that Crown had made good progress on a series of governance reforms.
In a debriefing at the A$2.2 billion ($1.6 billion) Sydney waterfront facility, Crown Resorts CEO Steve McCann said it's working with the gaming authority to open a gaming floor in its Sydney resort early in the new year.