Без рубрики

Crown casino to face Vic royal commission

The Victorian government has called a Royal Commission into Crown Resorts after a NSW inquiry report unearthed impropriety at its Melbourne casino.

Headed by former Federal Court judge Raymond Finkelstein, the royal commission will explore Crown’s suitability to hold a casino licence within the state and the fitness of its associates.

It follows the release of a scathing NSW report on February 9 that found the casino giant facilitated money laundering through subsidiaries’ bank accounts and failed to act when it was drawn to their attention.

Harold Mitchell became the latest in a long list of company directors to resign on Monday, following CEO Ken Barton, Andrew Demetriou, Guy Jalland and Michael Johnston out the door.

Victorian Gaming Minister Melissa Horne said the state government had gone through the 800-page Bergin report line by line and decided a royal commission was needed.

«The findings in there were so severe that the most appropriate action to protect Victorian interests was the establishment of a royal commission,» she said, adding the move was backed by Premier Daniel Andrews.

She defended the delay between Commissioner Patricia Bergin handing down her report and the Victorian government establishing a major inquiry of its own.

«We needed that complex legal advice,» Ms Horne said.

«We needed to understand what the commercial restraints are as well. We have done that work and the advice is the strongest possible response.»

Federal MP Andrew Wilkie said a royal commission was «long overdue», while Victorian Greens leader Samantha Ratnam accused the state government of running a «protection racket for Crown».

Victorian opposition spokeswoman Steph Ryan labelled it «the royal commission Daniel Andrews didn’t want to have».

It will supersede the Victorian Gaming and Liquor Regulation Commission’s review into the casino giant, which was brought forward in December by two years.

Ms Horne swatted away questions over why it had taken an inquiry into Crown’s proposed Sydney casino at Barangaroo to bring to light allegations of money laundering in their own backyard.

«Money laundering is by and large the remit of the federal government agency AUSTRAC,» she said.

«The VCGLR had referred a number of things to AUSTRAC and really that is the jurisdiction of that federal government agency.»

A review into the establishment of an independent casino regulator will also run parallel to the royal commission.

Commissioner and chair Mr Finkelstein QC, who served as a Federal Court judge from 1997 to 2011, gamewin88 is expected to report back with recommendations on August 1.

«This is going to be a fast-tracked royal commission,» Ms Horne said.

«We’ll see what those findings are … and then stand ready to act.»

The state government has committed to giving the regulator any new powers it requires to enact findings.

It is estimated the royal commission will cost Victorian taxpayers in the ballpark of $5 to $7 million.

Crown has pledged to fully co-operate and continue to engage with the VCGLR and government on its reform agenda «to deliver the highest standards of governance and compliance».

«Victorians should be assured we recognise the responsibility placed on us by the community, governments and regulators,» executive chair Helen Coonan said in a statement.

adverts.addToArray(«pos»:»inread_player»)Advertisement
0

Автор публикации

не в сети 4 месяца

martaa319315

0
Комментарии: 0Публикации: 1Регистрация: 15-06-2021
Теги

59 Комментариев

  1. hello my lovely stopforumspam member

    What are the Types of Loans in Ohio depending on the purpose
    Specific purpose payday loans in Ohio. Funds received in debt may be spent only for a specific purpose specified in the loan agreement.
    Non-purpose loan. The debtor may spend the money received at his discretion.
    Most popular specific purpose payday loans in Ohio are:

    House loan. The most common, of course, is a mortgage when the purchased property acts as collateral for a loan. Sometimes a youth loan is issued, with lighter conditions for debtors. Still quite common is a housing loan that does not imply purchased housing in the form of collateral.
    Car loan – payday loans in Ohio to a car or similar vehicle. The key is often the purchased goods, making the terms of the loan better. Also, loan conditions are improved: car insurance, life and health insurance of the borrower, and receiving a salary to the account of the creditor bank.
    Land loan. To purchase a plot for construction or agricultural activities.
    Consumer. For purchases in modern supermarkets, equipment stores, you can take a personal loan right at the point of sale. Often, specialists located there can contact the bank and get a regular or fast payday loans. Borrowed funds automatically pay for the goods, and the consultant explains when and how to re-pay the debt.
    Educational loan. It is issued to students, as well as to applicants who have passed the competition, to pay for tuition at universities, colleges, etc.
    Broker loan. For the circulation of securities, payday loans in Ohio are issued to an exchange broker, se-curities are purchased securities.
    Others. Objectives not related to those listed, but agreed and approved by the creditor.

    0
  2. hello my lovely stopforumspam member

    Welcome to Grosvenor Casinos, where you can play a wide range of casino games, from slots to poker, blackjack, and roulette! There’s something for everyone here – become a member of the casino to have the best of online casino gaming. Our Sportbook offers a range of sports betting odds and is available for pre event or in play bets 24/7 and 365 days of the year. Whether you’re here for football tournaments or the latest betting odds for horse racing, Tennis, Golf, Cricket and even Rugby Union, you are covered.

    0

Добавить комментарий

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Кнопка «Наверх»
Авторизация
*
*
Регистрация
*
*
*
Генерация пароля
Закрыть
Закрыть