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BRIEF-Crown Resorts Says Reached Agreement With NSW Regulator Regarding Ops of Crown Sydney

Published 13/05/2021, 04:22 pm
© Reuters.
CWN
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May 13 (Reuters) - Crown Resorts Ltd CWN.AX :

* NEW SOUTH WALES INDEPENDENT LIQUOR AND GAMING AUTHORITY HAS ISSUED A NEWS RELEASE ADVISING IT HAS REACHED AGREEMENT WITH CROWN

* AGREED TO PAY A CONTRIBUTION TOWARDS COST OF BERGIN INQUIRY OF $12.5 MILLION

* ALSO AGREED TO PAY AN ANNUAL CASINO SUPERVISORY LEVY OF $5.0 MILLION IN EACH OF FY2021 AND FY2022

* CASINO SUPERVISORY LEVY FROM FY2023 IS SUBJECT TO FURTHER CONSULTATION WITH ILGA

* IN TALKS WITH ILGA TO EVALUATE NECESSARY STEPS TOWARDS INTRODUCTION OF CASHLESS GAMING ALTERNATIVES AT CROWN SYDNEY

* INTENDS TO OPERATE ITS INTERNATIONAL VIP ACTIVITIES OUT OF AUSTRALIA

* AS PART OF A RESTRUCTURE OF ITS INTERNATIONAL VIP BUSINESS CROWN HAS CLOSED ITS OVERSEAS OFFICES

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