There’s little more than a year left for Crown Resorts to get its house in order and become worthy of keeping its casino licence.
Global private equity company Blackstone is in the box seat to pick up a battered Crown – but it’s hardly getting a bargain.
Whether the Victorian royal commission leads to a more responsible gambling industry depends on the recommendations the state government has kicked down the road.
Crown Resorts’ contribution to Victoria is at the core of its attempts to keep its casino licence. But the costs of the state keeping the casino may well be greater.
Helen Coonan's evidence to the Victorian royal commission into Crown Melbourne shows how entrenched the gaming company’s cultural problems are.
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