{"id":22337,"date":"2022-06-01T07:20:49","date_gmt":"2022-06-01T11:20:49","guid":{"rendered":"http:\/\/worldjusticenews.com\/news\/?p=22337"},"modified":"2022-06-01T07:20:49","modified_gmt":"2022-06-01T11:20:49","slug":"crown-resorts-casino-firm-fined-over-illegal-china-dealings","status":"publish","type":"post","link":"https:\/\/worldjusticenews.com\/news\/2022\/06\/01\/crown-resorts-casino-firm-fined-over-illegal-china-dealings\/","title":{"rendered":"Crown Resorts: Casino firm fined over illegal China dealings"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">Australian gaming operator Crown Resorts has been fined A$80m ($57.4m; \u00a345.6m) for illegally accepting Chinese bank cards at its casino in Melbourne.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Regulators say the transactions were falsely classified as hotel services.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">To deter money laundering and excessive gambling casinos in Australia are not allowed to accept bank cards.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Crown acknowledged its &#8220;historic failings&#8221; and says its top executives were in the process of reforming how the company operates.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">On Monday, the Victorian Gambling and Casino Control Commission (VGCCC) said Crown had breached Australia&#8217;s casino regulations by allowing gambling funds to be withdrawn using credit or debit cards.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The regulator found that Crown had processed A$164m Australian dollars in China UnionPay card payments, drawing in A$32m of revenue in the process, between 2012 and 2016.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">It said the transactions were falsely classified as &#8220;services&#8221; provided by the Crown Towers hotel in Melbourne.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"unordered-list-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-1o5f7ft-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li><a class=\"ssrcss-kelrwg-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/business-60371359\" target=\"_blank\" rel=\"noopener\">Blackstone takes $6.3bn gamble on casino operator<\/a><\/li>\n<li><a class=\"ssrcss-kelrwg-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/uk-wales-60308963\" target=\"_blank\" rel=\"noopener\">&#8216;I&#8217;d gamble on the school run and on the bus&#8217;<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">However, patrons were given vouchers that could be exchanged for cash or chips at Crown&#8217;s neighbouring casino.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">According to the regulator, the &#8220;clandestine&#8221; scheme also allowed some Chinese nationals to spend more in foreign currencies than was allowed under Chinese law.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;Crown benefited handsomely from its illegal conduct,&#8221; VGCCC chairwoman Fran Thorn said in a statement.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;The fine will ensure that Crown is stripped of the revenue it derived from the process and will send a clear message that it must comply with its regulatory obligations,&#8221; Ms Thorn added.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">In response, the gaming group said its board and senior management were &#8220;committed to the delivery of a comprehensive reform and remediation programme to ensure Crown delivers a safe and responsible gaming environment&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Crown &#8211; which operates integrated resorts in Melbourne, Perth and Sydney &#8211; is also under scrutiny from regulators who have alleged the company had knowingly dealt with criminal organisations then misled authorities about those dealings.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Its casino in Melbourne is currently only allowed to operate under the supervision of a government-appointed manager.<\/p>\n<p>Source: <a href=\"https:\/\/www.bbc.co.uk\/news\/business-61602153\" target=\"_blank\" rel=\"noopener\">bbc.co.uk<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\">Australian gaming operator Crown Resorts has been fined A$80m ($57.4m; \u00a345.6m) for illegally accepting Chinese bank cards at its casino in Melbourne. Regulators say the transactions were falsely classified as hotel services. To deter money <a class=\"mh-excerpt-more\" href=\"https:\/\/worldjusticenews.com\/news\/2022\/06\/01\/crown-resorts-casino-firm-fined-over-illegal-china-dealings\/\" title=\"Crown Resorts: Casino firm fined over illegal China dealings\">[&#8230;]<\/a><\/div>\n","protected":false},"author":1,"featured_media":8138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[350,2,6],"tags":[819,1673,8552,3718,2668,6399,3862],"class_list":{"0":"post-22337","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-australia","8":"category-news","9":"category-world","10":"tag-australia","11":"tag-china","12":"tag-credit-cards","13":"tag-crown-resorts","14":"tag-melbourne","15":"tag-perth","16":"tag-sydney","17":"pmpro-has-access"},"_links":{"self":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/22337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/comments?post=22337"}],"version-history":[{"count":2,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/22337\/revisions"}],"predecessor-version":[{"id":22339,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/22337\/revisions\/22339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media\/8138"}],"wp:attachment":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media?parent=22337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/categories?post=22337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/tags?post=22337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}