News: CWN Crown Resorts Says Resolved To Make A Payment To VCGLR

July 27 (Reuters) - Crown Resorts Ltd (CWN) :

• RESOLVED TO MAKE A PAYMENT TO VICTORIAN COMMISSION FOR GAMBLING AND LIQUOR REGULATION
• REQUIRED TO PAY PENALTY INTEREST ON ANY UNDERPAYMENT OF CASINO TAX
• PENALTY INTEREST COMPONENT UP TO AND INCLUDING TODAY (27 JULY 2021) IS ABOUT A$24 MILLION.
• CROWN RESORTS LTD SAYS CONTINUING ITS REVIEW OF OTHER ASPECTS OF CASINO TAX PAYMENTS
• CROWN HAS NOW PAID STATE ABOUT A$61 MILLION
• RESOLVED TO MAKE A PAYMENT REPRESENTING UNDERPAYMENT OF CASINO TAX BY CROWN MELBOURNE OF ABOUT A$37 MILLION FROM 2012
• VCGLR INTENDS TO FINALISE CONSIDERATION OF POTENTIAL CASINO TAX UNDERPAYMENTS TO FORM A VIEW OF OUTSTANDING TAX LIABILITY TO STATE
• WILL FULLY COOPERATE WITH VCGLR'S REVIEW