Victoria Regulator Upholds Crown Melbourne Casino License
Date: 2024-03-26 Author: Dima Zakharov Categories: CASINO
Victoria Regulator's Decision
The Victorian Gambling and Casino Control Commission (VGCCC) has announced its ruling regarding Crown Resorts' Melbourne property. Despite previous criticisms and regulatory penalties, the VGCCC deemed Crown suitable to retain its casino license. This decision is considered crucial for both Crown Resorts and the broader gambling industry in Victoria.
Transformative Measures
Following scathing criticism from the Royal Commission into casino licensing, Crown Resorts underwent extensive reforms. These changes included implementing new safer gambling measures and a comprehensive Melbourne Remediation Action Plan. The effort, totaling over AUS$200 million, aimed to address systemic failures and rebuild trust with patrons and regulators.
Thorough Oversight
Despite the decision in Crown's favor, the VGCCC emphasized ongoing scrutiny. The Commission outlined expectations for continued transformation and warned against any future abuses of privilege. This ongoing oversight underscores the importance of maintaining high standards in the industry.
Crown's Response
Crown Melbourne's CEO, Mike Volkert, hailed the decision as a significant achievement, emphasizing the venue's commitment to guest welfare and industry-leading standards. Crown Resorts' CEO, Ciaran Carruthers, credited the successful transformation to the acquisition by Blackstone and the dedication of the organization's team.
