Crown Sydney to retain casino licence
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The news: The NSW Independent Casino Commission (NICC) has found Crown Sydney suitable to retain its casino licence after nearly three years of intensive remediation.
The context: The NICC’s suitability assessment established that Crown Sydney has "fundamentally reformed" its business and is operating the casino in compliance with its regulatory obligations.
In addition to proving it can run the casino lawfully, the NICC found that Crown has remediated its business in other ways such as building a culture of transparency and accountability across its integrated resort.
NICC's chief commissioner Philip Crawford said Crown "has come a long way" and must now demonstrate its long-term commitment to maintaining suitability.
What they said: Crawford said: “The NICC is confident the Crown we deemed suitable today has a strong model to keep operating into the future.
“Hard work and transformation aside, the NICC has not forgotten the level of misconduct exposed in 2021 when Crown was found unsuitable.
“Crown Sydney has ongoing work to reach steady state and it must continue to lift standards and maintain its cultural transformation.
“There is and will always be room for improvement, but Crown is a changed business that is looking toward the future."
The source: NICC media release
