Crown Sydney secures unconditional casino licence
Crown Sydney has finally secured an unconditional casino licence from NSW regulators, marking the first time since the precinct opened that it can operate the members-only gaming floors without extra restrictions.
The Barangaroo site was originally planned as a high-roller-only casino with a focus on overseas VIPs, but Crown shifted direction amid tough scrutiny on problematic junket operators from gaming and anti-money laundering authorities concerned about their links to organised crime in Asia.
Crown Sydney has finally secured an unconditional casino licence from NSW regulators Oscar Colman
The NSW Independent Liquor and Gaming Authority – now the Independent Casino Control Commission – barred it from opening the gaming floors after the revelations in 2020.
Eighteen months later, it granted the Blackstone-owned Crown a provisional licence in June 2022 that imposed rules such as limits on the cash that patrons can gamble with at certain table games, and the establishment of an independent monitor to oversee cultural reforms.
It comes as Crown’s cross-town rival Star Entertainment battles to retain its restricted licence amid a new inquiry into cultural issues and regulatory failures at the casino.
Crown Sydney secures unconditional casino licenceLucas...
Add SGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.5¢ |
Change
0.025(6.10%) |
Mkt cap ! $1.247B | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 44.0¢ | 41.5¢ | $8.983M | 21.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 207948 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 356462 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
44.0¢ |
Change
0.025 ( 6.85 %) |
||||
| Open | High | Low | Volume | ||
| 41.8¢ | 44.0¢ | 41.8¢ | 6389013 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SGR (ASX) Chart |