After a comprehensive trial period and thorough reviews by the Gambling Commission, Crown Resorts has successfully retained its license to operate the sole casino in the Australian state of Victoria. The decision comes following meticulous scrutiny, with the company addressing systemic deficiencies to meet regulatory standards.
Fran Thorne, the chairman of Crown Resorts, emphasized the significance of this decision, highlighting the journey marked by challenges and reforms. Thorne acknowledged past issues, describing the history of Crown Melbourne Casino as a narrative of profit, power, and privilege, marred by instances of abuse.
In response to past shortcomings, Crown Resorts underwent a two-year probationary period under the oversight of a special observer, during which it demonstrated its commitment to rectifying operational shortcomings. Despite facing fines exceeding $250 million from regulators, the company has made significant strides in addressing regulatory concerns.
Mike Volkert, the CEO of Crown Resorts, expressed satisfaction with the outcome, labeling it as one of the most pivotal milestones in the thirty-year history of Crown Melbourne. The decision reflects the company's dedication to upholding regulatory compliance and fostering a responsible gambling environment.
