Blackstone’s Crown Allowed to Keep Melbourne Casino License (1)

March 26, 2024, 12:03 AM UTC

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.-ownedcompany, which faced the nuclear option of being stripped of its license to run the casino.

The announcement Tuesday brings to an end an almost eight-year saga dating back to late 2016, when a crackdown by authorities in mainland China led to the conviction of more than a dozen Crown employees for illegally promoting gambling. ...

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