Crown Resorts to Be Probed by Australian Law-Enforcement Agency

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Crown Resorts to Be Probed by Australian Law-Enforcement Agency(Bloomberg) -- An Australian law enforcement agency will assess Crown Resorts Ltd.’s alleged links to Asian money-laundering gangs and the company’s reported efforts to fast-track visa applications by high-roller gamblers.Attorney-General Christian Porter said he had referred the allegations raised in weekend media reports to the Australian Commission for Law Enforcement Integrity, which will determine whether a further investigation is needed.“It’s my view that there are sufficient concerns raised to at least warrant further investigations,” Porter told parliament Tuesday.The Age and The Sydney Morning Herald newspapers, along with the 60 Minutes television program, reported at the weekend that Crown used junket operators with links to drug traffickers as it sought to bring higher-roller Chinese gamblers to its Australian casinos. The reports also alleged an Asian crime syndicate laundered money through the Melbourne-based company’s casinos.Crown shares fell 3.9% as of 1:17 p.m. in Sydney, extending losses of 3.2% on Monday.To contact the reporters on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net;Jason Scott in Canberra at jscott14@bloomberg.netTo contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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