REPORTS WESTERN AUSTRALIA
Te Royal Commission looked into the suitability of Crown Perth’s casino licence last year. It released its report in March,
which highlights potential money laundering issues dating back to 2014, junket links to criminal activity and gambling related harm issues.
Crown Casino Perth THE CASINO
Western Australia is a unique state in that EGMs are only permitted in the state’s casino. As such WA has the lowest ratio of EGMs per capita with one EGM per 1.2 machines per 1,000 adults. Te casino is also the only Keno provider in the state.
Crown Perth is the only fully integrated entertainment resort in WA and was established in 1985. Te Crown Perth is one of Western Australia’s largest tourism destinations with 350 table games and 2,466 EGMs. Tere is a cap of 2,500 EGMs in the casino.
Te resort features three hotels made up of Crown Towers with 500 rooms, Crown Metropol Perth with 397 rooms and Crown Promenade Perth with 291 rooms. Tere is a 1,500 seat ballroom and 2,300 seat theatre plus convention facilities, bars and restaurants. Te casino welcomes around 10 million guests annually.
It has undergone several improvements including additional LED screens in the main gaming floor and refurbishment plans for the Pearl Room in support of the company’s commitment to phase out indoor smoking at all Australian resorts by end of 2022.
Crown Perth casino revenues for FY ending June 2021 reached $743.1m compared to $609.7m for FY2020 (an increase of almost 22 per cent). Of this EGMs saw revenues of $306.6m and table games $171.7m.
Half year results ending in June 2022 saw Crown Perth revenues reach $402.9m compred to $409.2m the same period the year before. Te casino saw several short term closures during Covid and re-opened with restrictions towards the end of June 2020.
Like the other Crown properties, the Royal Commission looked into the suitability of Crown Perth’s casino licence last year. It released its
report in March 2022 which outlined the shortcomings of the operator.
Te report highlights potential money laundering issues dating back to 2014, junket links to criminal activity and gambling related harm issues. It also pointed the finger of responsibility at the WA government and the casino watchdog, the Gaming and Wagering Commission.
Te Crown Perth has been found unfit to run the casino and like its sister casino has been given two yeas to clean up its act under independent monitoring under the watchful eye of WA Police Force Assistant Commissioner Paul Steel.
Former MGM Resorts executive David Tsai was appointed as new CEO of the casino a few months ago and he joins several other new head honchos who hope to bring the casino back in line.
Te state has now introduced new laws under the Western Australia Casino Control Act so fines for the casino could be issued of up to $99.9m.
Te report contains 59 recommendations covering everything from Crown’s corporate and boardroom structure to anti money laundering controls and responsible gambling systems. Tere are calls for pre-commitment and play period limits with a suggested $10 maximum bet limit on all EGMs on the gaming floor and a requirement for players to take 15 minute breaks after three hours continuous EGM play. Tere are also suggestions to restrict players to a maximum of 12 hour EGM play daily and 28 hours weekly.
LOTTO & BETTING
Meanwhile at the eleventh hour plans to sell the state owned WA TAB betting agency fell through after years of planning.
Tere were initially three bidders in the $1bn deal to buy the WA TAB agency – Tabcorp, Entain and a consortium called BetR.
Te report contains 59 recommendations covering everything
from Crown’s corporate and boardroom structure to anti money laundering controls and responsible gambling systems. Tere are calls for pre-commitment and play period limits with a
suggested $10 maximum bet limit on all EGMs on the gaming floor and a requirement for players to take 15 minute breaks after three hours continuous EGM play. Crown Casino Perth
P54 WIRE / PULSE / INSIGHT / REPORTS
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