The Victorian gambling regulator will launch disciplinary action and can impose fines of up to A$100 million ($75.82 million) on Crown Resorts after an inquiry found the Australian casino operator enabled illegal transfer of funds from China.
The logo of Australian top casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and casino complex in Western Australia, Oct. 20, 2016. REUTERS/Aaron BunchApril 6 - The Victorian gambling regulator will launch disciplinary action and can impose fines of up to A$100 million on Crown Resorts
Crown said in a statement on Wednesday they will fully co-operate with the VGCCC on the royal commission report's findings.Shares of Crown were down 0.5% in early trading. RCCOL found that "Chinese patrons were assisted in illegally transferring up to A$160 million in funds."
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