Crown’s newest $2.2 billion casino at Barangaroo might not accept cash in any of its gambling venues as the gaming giant works towards securing a suitable licence.
Crown's newest $2.2 billion casino at Barangaroo might not accept cash in any of its gambling venues as the gaming giant works towards securing a suitable licence.
Today the NSW Independent Liquor & Gaming Authority (ILGA) reached an agreement on several matters with Crown Resorts, one of which was ruling out hard cash for use on gaming floors.
"Crown has agreed with the Authority to make all gaming in its casinos cashless with card technology linked to identity and a recognised financial institution," the ILGA said in a statement.
READ MORE: Crown Sydney granted interim liquor licences for Barangaroo casino
Other matters agreed upon included phasing out indoor smoking at all Crown resorts in Australia by December 2022 and ceasing the operation of international junket operations.
The agreement comes in the wake of the Bergin Report, which found Crown was an "unsuitable person" to be granted a gaming licence for its new casino at Barangaroo.
One of the main concerns in the report was the potential for money laundering to take place at Crown casinos.
READ MORE: Crown officially deemed 'not suitable' to hold casino licence
In a statement to shareholders, Crown softened its language around phasing out cash, saying it is in discussions "to evaluate the necessary steps towards the introduction of cashless gaming alternatives at Crown Sydney".
Executive Chairman Helen Coonan said Crown was committed to working closely with the regulator.
"While we recognise we have more work to do, we welcome ILGA's indication today that Crown's reform implementation is well-advanced towards suitability to operate gaming at Crown Sydney," Ms Coonan said.
"It's important to know we are well on track but I have assured the regulator there will be no complacency as we continue to embed the changes to improve our governance and compliance processes across the organisation."
Source: 9News https://www.9news.com.au/national/crown-sydney-may-be-cashless-under-new-agreement-to-have-gaming-licence-granted/6924a40a-c87f-4195-aed1-2f51134c2065