Crown clearance

AUTHORITIES in NSW have granted a provisional licence to gaming and hospitality giant Crown which will allow the group to operate its new Crown Sydney casino at Barangaroo.

Phillip Crawford, chairman of the NSW Independent Liquor and Gaming Authority said Crown had “rebuilt its gaming model from the ground up” after a review of its operations found the company was unfit to hold a licence due to lack of controls on money laundering and organised crime.

The move comes just two days before the ASX-listed business is taken over by private equity firm Blackstone, with CEO Steve McCann saying “we will now finalise our opening plans and look forward to shortly announcing the details and timing of our launch”.

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