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The Victorian Government has fast-tracked its next major review of Crown's Melbourne casino licence.
Crown Casino Retail Street Location: Southbank, Melbourne, VIC We tapped into our retail and hospitality expertise to give the brands and shopfronts lining Crown’s Retail Street the opportunity to shine – strengthening their presence in the context of the space and highlighting how a cost effective facelift can reposition a shopping centre. In a city renowned for its love of quality shopping, Crown Melbourne stands out by offering some of the best known luxury labels in the world. With its elegant public spaces, Crown Melbourne delivers a shopping experience unparalleled in the Southern Hemisphere. Crown Casino opened in 1994 at the World Trade Centre and was originally located on the north bank of the Yarra River. With a space of 510,000 square metres, it’s one of the biggest casinos in the world! It’s also one of the central features of the Southbank precinct of the Melbourne Central Business District. As Australia’s most popular casino, Crown Casino Melbourne alone pulls 10.9 million visitors annually, and a big reason for this is that Australian casinos allow for much more than gambling – they’re often full blown entertainment complexes.
A dedicated commissioner will be appointed to the Victorian Commission for Gambling and Liquor Regulation (VCGLR) to probe Crown's suitability to hold the state's sole casino licence.
The licence review, which was not expected until 2023, has been brought forward in the wake of a New South Wales inquiry into allegations of the gaming giant's money laundering operations.
The NSW gaming regulator last month formally requested Crown Resorts to delay plans to conduct a 'limited opening' of its new $2.2 billion Sydney casino in December.
The ILGA Inquiry is due to hand down its findings in February 2021.
However, Gaming Minister Melissa Horne said there was a need for an immediate response in Victoria, given 'concerning evidence' revealed throughout the course of the NSW investigation.
'This review is needed given the evidence we've seen come out of the NSW inquiry,' she said.
'While we await the findings of that investigation, it's appropriate to bring forward the next review to ensure Crown Melbourne is suitable to hold a licence in Victoria.'
© 9News Crown Casino, Barangaroo in Sydney.The VCGLR is required to review the suitability of Crown's casino licence in intervals that do not exceed five years, under section 25 of the Casino Control Act 1991.
The most recent investigation, the Sixth Casino Review, occurred in 2018.
A commissioner is expected to be appointed shortly and will report its findings to Ms Horne next year.
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Ms Horne said the government would take any appropriate and necessary action at the conclusion of the investigation.
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'We're making sure Crown Melbourne conducts its business in a transparent and appropriate manner.'