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The transfer helps pave the means in which for Crown to open its $2.2 billion Barangaroo casino in Sydney this year. The James Packer-backed group had its licence suspended last yr after evidence emerged of cash laundering at its Melbourne and Perth casinos.
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Sign as much as The Sydney Morning Herald’s publication here, The Age’s right here, Brisbane Times’ right here, and WAtoday’s right here. But even because the regulatory storm in NSW is easing, royal commission clouds are gathering in Victoria and WA. In Victoria, respected former choose Ray Finkelstein was given a good timeframe of needing to report back by August 1 and was instructed to avoid “unnecessarily duplicating” Bergin’s work. Crown’s rival and potential suitor, The Star, additionally confirmed it plans to part out the use of cash. The group will look to supply cashless options in different jurisdictions as a part of a gradual transition over time, working with state-based regulators.
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