CWN 0.00% $13.09 crown resorts limited

News: CWN Australia's Crown Resorts 'not suitable' to hold gambling licence - report

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    SYDNEY, Feb 9 (Reuters) - Australian casino giant Crown Resorts Ltd (CWN) was not a "suitable person" to hold a gambling licence, a pivotal report commissioned by an industry regulator said on Tuesday.

    Crown was initially granted a gambling licence for a A$2.2 billion ($1.70 billion) casino tower in Sydney several years ago, but the New South Wales state Independent Liquor and Gaming Authority (ILGA) suspended the licence pending a review prompted by media reports alleging company dealings with organised crime groups.

    The ILGA has said it will review the report by retired judge Patricia Bergin before making a final decision on the licence.

    ($1 = 1.2943 Australian dollars)

 
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