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The Pearl Room at Crown Perth has redefined VIP Gaming. Crown is committed to providing and promoting gaming in a responsible manner. Customers are required to dress smart casual and remain neat and tidy at all times while in the Casino.
Gaming filter. Crown barrister Robert Craig SC on Wednesday said the company accepted the suggestion that a form of money laundering known as "cuckoo smurfing" was likely occurring, whereby large transactions are broken down into smaller deposits to avoid detection.
The hearing has previously been told Crown's board was unaware of the suspicious activity, flagged by the banks and later raised with senior staff.
If Crown can salvage its core gaming business, it may be forced to cut ties with major shareholder James Packer as Counsel Assisting urged the Commissioner to ban Mr Packer from associating with Crown.
During the hearings, Mr Packer admitted that a number of threatening emails he had sent to a businessman which were not made public were "shameful" and "disgraceful".
NSW Minister for Customer Service Victor Dominello issued the following statement in response to Wednesday's announcement:. This service may include material from Agence France-Presse AFP , APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.
News Home. Posted 18 Nov November Wed Wednesday 18 Nov November at am , updated 18 Nov November Wed Wednesday 18 Nov November at pm.
But in October, while giving evidence to the Bergin inquiry, he conceded that would never eventuate. The billionaire businessman explained that in the original business case international high rollers would generate a third of Crown Sydney's earnings, with local gamblers and its hotel and hospitality operations making up the balance covering the cost of construction.
James Packer during the inquiry hearing. Getting out of Crown could lead to him forfeiting his control premium.
Crown's grip on the China market was already slipping, following the arrest of 19 Crown employees in China in for illegally promoting gambling one of the main focuses of the Bergin inquiry and Crown's subsequent exit from its Asian joint venture.
Crown then relied on "junket" tour partners to bring Chinese VIPs to Australia, but that has been put on ice after the Herald and The Age exposed how many of its junkets had links to organised crime, which was examined further at the Bergin inquiry.
Crown has pledged to never work with junkets again, unless state regulators implement a licensing regime for the controversial operators.
And just last week the Chinese government passed even harsher criminal penalties for anyone organising Chinese citizens to travel overseas to gamble.
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