Crown Casino has been fined $30 million by Victoria’s gambling watchdog for allowing punters to cash bank cheques made out to themselves, exacerbating gambling harm and likely aiding “criminal infiltration by money launderers”.
Key points:
- The gambling watchdog says the bank cheque practice likely resulted in money launderers and increased gambling harm
- The commission estimates more than $1.5 billion worth of cheques could have been involved in the practice between 1994 and 2021
- One gambler deposited a $100,000 bank cheque which Crown swapped for casino chips before it had cleared
The Victorian Gambling and Casino Control Commission (VGCCC) also raised concerns stemming from the royal commission into the gambling behemoth that it was likely …
Read the full article at: https://www.abc.net.au/news/2023-04-27/crown-casino-fined-30m-blank-cheque-practice-gambling-addiction/102273656