News: CWN Crown Resorts Suspends All Activity With Junket Operators Until 30 June 2021

Sept 25 (Reuters) - Crown Resorts Ltd (CWN) :

• REFERS TO EVIDENCE GIVEN BY CROWN'S CEO AT PUBLIC HEARING OF INQUIRY ESTABLISHED BY NSW INDEPENDENT LIQUOR AND GAMING AUTHORITY
• CONFIRMS CROWN'S VIP PROGRAM PLAY BUSINESS IN MELBOURNE & PERTH CONTRIBUTED ABOUT 7% OF CROWN'S NORMALISED EBITDA OVER LAST 5 YEARS
• CONFIRMS CO INTENDS TO PROGRESSIVELY OPEN CROWN SYDNEY HOTEL RESORT ON OR AROUND 14 DEC
• RECRUITMENT PROCESS COMMENCED FOR NEWLY CREATED ROLE OF HEAD OF COMPLIANCE AND FINANCIAL CRIMES WHICH WILL REPORT DIRECTLY TO BOARD
• SUSPENDED ALL ACTIVITY WITH JUNKET OPERATORS UNTIL 30 JUNE 2021 AS PART OF CO'S REVIEW OF COMPLIANCE AND GOVERNANCE PROCESSES
• CONFIRMS INTENDED THAT GAMING OPERATIONS AT CROWN SYDNEY WILL COMPRISE TOTAL OF 30 TABLE GAMES ACROSS 12 PRIVATE GAMING SALONS WITHIN TOWER

Source: https://bit.ly/2RYzsR2

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