{"id":229676,"date":"2022-09-01T07:08:49","date_gmt":"2022-09-01T12:08:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=229676"},"modified":"2022-09-01T15:47:00","modified_gmt":"2022-09-01T20:47:00","slug":"crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/","title":{"rendered":"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks"},"content":{"rendered":"

Australia\u2019s Crown Resorts<\/a> can\u2019t escape the clutches of the country’s regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with more investigations still underway.<\/p>\n

\"Crown
Taxis wait for guests outside the Crown Melbourne in Victoria, Australia. The casino faces new accusations of wrongdoing and potential fines. (Image: Asia Gaming Brief)<\/figcaption><\/figure>\n

In May, the Victorian Gambling and Casino Control Commission (VGCCC) fined Crown<\/a> AU$80 million (US$57.5 million). This was in response to the initial inquiry about the casino operator breaking several financial and gaming regulations.<\/p>\n

Since then, the company has been facing a new probe over alleged responsible gambling failures that could cost it another AU$100 million (US$68.25 million). The newest case involves the revelation that the Crown allowed some gamblers to hand over blank checks in exchange for gambling chips.<\/p>\n

Crown Keeping VGCCC Busy<\/h2>\n

The VGCCC is the successor to the Victorian Commission on Gambling and Liquor Regulation. It was created directly from the Crown\u2019s failings in the state and others across Australia.<\/p>\n

When Victoria conducted its first inquiry into Crown and its Crown Melbourne casino, it realized that the casino operator had a track record of sidestepping rules and regulations to suit its agenda. The information it uncovered during those hearings led to the most recent investigations.<\/p>\n

\n

The VGCCC is investigating whether Crown violated the Casino Control Act by allowing some gamblers to give the casino blank checks for gambling chips, according to the Australian Associated Press<\/em>. On some occasions, gamblers reportedly made checks out to themselves and turned them over to the casino.<\/p>\n<\/div>\n

By allowing patrons to hand over blank checks, investigators believe there’s no guarantee that Crown didn\u2019t become too creative with its accounting practices. At the least, the practice of accepting blank checks clouds responsible gambling safeguards, as those gamblers don\u2019t know how much they\u2019re spending, the VGCCC believes.<\/p>\n

When the VGCCC contacted Crown about the discrepancies, the company pulled out its book of boilerplate responses. It said that it’s already implemented \u201ccomprehensive reforms\u201d throughout its operations to ensure that \u201ccompliance failures do not happen in the future.\u201d<\/p>\n

That likely won\u2019t be enough to appease the regulator. Crown now has to hand over any documentation about the practice and offer any type of justification. If the VGCCC isn\u2019t satisfied, it could issue another six-figure fine, change the scope of the Crown\u2019s license, or issue a letter of censure. The latter is essentially a formal slap on the wrist that becomes part of the receiving entity\u2019s permanent record.<\/p>\n

Money Down the Drain<\/h2>\n

Crown has been paying regulators across Australia to settle allegations that it had almost a complete failure at the executive level. Its AU$80 million fine in Victoria earlier this year was a record and followed a change in the regulatory structure that raised the cap on fines from AU$1 million to AU$100 million (US$6.8 million to $68 million).<\/p>\n

That\u2019s apart from what could be another AU$100 million it may have to pay now. This is on top of its losses over the past few years.<\/strong><\/p>\n

Last year, Crown reported a loss of AU$196.3 million (US$134.15 million at the time). In 2020, it lost AU$120.9 million (US$82.62 million).<\/p>\n

That doesn\u2019t mean Crown is in jeopardy of folding. On the contrary, the AU$8.8 billion (US$6.6 billion) Blackstone paid to buy its assets will help keep it going. However, the market is changing, and Blackstone has to be ready to respond.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country’s regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with more investigations still underway. In May, the Victorian Gambling and Casino Control Commission (VGCCC) fined Crown AU$80 million (US$57.5 million). This was in response to the initial inquiry about the casino […]<\/p>\n","protected":false},"author":64,"featured_media":229675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,33810],"tags":[81985,13363,13651],"acf":[],"yoast_head":"\nCrown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks - Casino.org<\/title>\n<meta name=\"description\" content=\"Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country's regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country's regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T12:08:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-01T20:47:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"743\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gibbs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gibbs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/\",\"url\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/\",\"name\":\"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg\",\"datePublished\":\"2022-09-01T12:08:49+00:00\",\"dateModified\":\"2022-09-01T20:47:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\"},\"description\":\"Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country's regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg\",\"width\":1080,\"height\":743,\"caption\":\"Taxis wait for guests outside the Crown Melbourne in Victoria, Australia. The casino faces new accusations of wrongdoing and potential fines. (Image: Asia Gaming Brief)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gaming Business\",\"item\":\"https:\/\/www.casino.org\/news\/gaming-business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\",\"name\":\"Erik Gibbs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"caption\":\"Erik Gibbs\"},\"description\":\"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks - Casino.org","description":"Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country's regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/","og_locale":"en_US","og_type":"article","og_title":"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks - Casino.org","og_description":"Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country's regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with","og_url":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-09-01T12:08:49+00:00","article_modified_time":"2022-09-01T20:47:00+00:00","og_image":[{"width":1080,"height":743,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg","type":"image\/jpeg"}],"author":"Erik Gibbs","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Erik Gibbs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/","url":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/","name":"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks - Casino.org","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg","datePublished":"2022-09-01T12:08:49+00:00","dateModified":"2022-09-01T20:47:00+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca"},"description":"Australia\u2019s Crown Resorts can\u2019t escape the clutches of the country's regulators. Crown is now facing a third case of alleged wrongdoing in Victoria, with","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/09\/Crown-Melbourne.jpg","width":1080,"height":743,"caption":"Taxis wait for guests outside the Crown Melbourne in Victoria, Australia. The casino faces new accusations of wrongdoing and potential fines. (Image: Asia Gaming Brief)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/crown-resorts-faces-new-regulatory-fines-in-victoria-over-blank-checks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Gaming Business","item":"https:\/\/www.casino.org\/news\/gaming-business\/"},{"@type":"ListItem","position":3,"name":"Crown Resorts Faces New Regulatory Fines in Victoria Over Blank Checks"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca","name":"Erik Gibbs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","caption":"Erik Gibbs"},"description":"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.","url":"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/229676"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=229676"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/229676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/229675"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=229676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=229676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=229676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}