Approval comes just two days before private equity giant Blackstone formally takes over the previously troubled gaming giant, securing a $ 3.3 billion payday for major shareholder James Packer in the process.
Crown chief Steve McCann said it was an important day for the company.
“Over the last 15 months, we have worked closely with ILGA to ensure that we have the right measures in place for the start of the game in Sydney, and we will continue to work with them on our reform program, to show our suitability as casino. operator, “McCann said.
“We will now finalize our opening plans and look forward to announcing the details and timing of our release soon.”
Crown expects to employ 2,000 people at the Sydney facility once it is fully operational.
ILGA did not describe the specific conditions of the license.
Crawford said Crown had undergone a significant change since Bergin’s 2020 survey found that the company had partnered with organized crime-linked junkets, endangered personnel and facilitated money laundering to its customers. Melbourne and Perth casinos.
“Crown has been forced to implement a series of strict controls to prevent money laundering and criminal infiltration into its NSW business model. What was happening in Crown’s interstate operations will not be repeated in NSW,” he said. Crawford.
“With a complete cleanup of the board and senior executive, Crown has made significant progress and accepted the ongoing work to regain its casino license.”
Crown lost its CEO Ken Barton and many executives and directors after Bergin’s investigation. President Helen Coonan also resigned, as similar consultations in Victoria and Perth engulfed the company.
The license comes a couple of weeks later than originally planned after a disagreement in the NSW cabinet over the merits of having two casinos in Sydney delayed the decision.
Crawford told The Australian Financial Review in early June that he did not expect the delay to be too long and that Crown would get his license later this month.