News: CWN Victorian Commission For Gambling And Liquor Regulation Fined Crown For Junket Conduct

April 27 (Reuters) - Victorian Commission For Gambling And Liquor Regulation:

• CROWN ISSUED $1 MILLION FINE FOR JUNKET CONDUCT
• COMMISSION ASSESSED CROWN’S ENGAGEMENT WITH CERTAIN INDIVIDUALS WHO ARE JUNKET OPERATORS, JUNKET AGENTS OR JUNKET PLAYERS AT MELBOURNE CASINO
• COMMISSION CONCLUDED FROM ANALYSED INDIVIDUALS, PROCESSES IMPLEMENTED BY CROWN WERE NOT ROBUST, AS REQUIRED BY INTERNAL CONTROL STATEMENTS
• DISCIPLINARY ACTION INCLUDES A LETTER OF CENSURE TO CROWN WHICH PROHIBITS IT FROM RECOMMENCING JUNKET OPERATIONS AT MELBOURNE CASINO
• LETTER OF CENSURE REQUIRES CROWN TO REPORT REGULARLY TO COMMISSION ON PROGRESS OF A REFORM AGENDA IT OUTLINED TO COMMISSION
• PROHIBITION ON JUNKET OPERATIONS TO REMAIN UNTIL CROWN HAS SATISFIED COMMISSION THAT ITS PROCESSES AND PROCEDURES HAVE BEEN IMPROVED

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