CWN crown resorts limited
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May 13 (Reuters) - Crown Resorts Ltd (CWN) : NEW SOUTH WALES...

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    13/05/21
    16:25
    Post #: 53156972

    May 13 (Reuters) - Crown Resorts Ltd (CWN) :

    • NEW SOUTH WALES INDEPENDENT LIQUOR AND GAMING AUTHORITY HAS ISSUED A NEWS RELEASE ADVISING IT HAS REACHED AGREEMENT WITH CROWN
    • AGREED TO PAY A CONTRIBUTION TOWARDS COST OF BERGIN INQUIRY OF $12.5 MILLION
    • ALSO AGREED TO PAY AN ANNUAL CASINO SUPERVISORY LEVY OF $5.0 MILLION IN EACH OF FY2021 AND FY2022
    • CASINO SUPERVISORY LEVY FROM FY2023 IS SUBJECT TO FURTHER CONSULTATION WITH ILGA
    • IN TALKS WITH ILGA TO EVALUATE NECESSARY STEPS TOWARDS INTRODUCTION OF CASHLESS GAMING ALTERNATIVES AT CROWN SYDNEY
    • INTENDS TO OPERATE ITS INTERNATIONAL VIP ACTIVITIES OUT OF AUSTRALIA
    • AS PART OF A RESTRUCTURE OF ITS INTERNATIONAL VIP BUSINESS CROWN HAS CLOSED ITS OVERSEAS OFFICES
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