Crown Resorts Keeps Melbourne Casino License

Crown Resorts has successfully retained the license to operate its flagship Melbourne casino after addressing several regulatory issues. The Victorian state gambling regulator confirmed that the company had taken corrective measures related to underpaying taxes, money laundering facilitation, and exploitation of problem gamblers. This decision serves as a reprieve for the company, which is owned by Blackstone Inc. and was at risk of losing its license. The announcement signifies a significant development for Crown Resorts and the regulatory framework governing the casino industry.