The prominent entertainment corporation, Crown Resorts, is issuing a stark caution, suggesting the possibility of a financial predicament if the Victorian Royal Commission’s examination of its Melbourne casino permit yields an adverse judgment.
Although Crown did transmit a message to Victorian Gaming Minister Melissa Horne the previous week, the company’s Executive Chair, Helen Coonan, has refuted any aim to sway the investigation.
An edited copy of the message has now been disclosed, exposing that the corporation informed the Minister that the employment of 12,000 individuals at its Southbank location could be jeopardized if an unfavorable decision is reached regarding Crown.
Legal representatives for Crown, Arnold Bloch Leibler partner Leon Zwier, articulated in the message that should a transgression be determined, it “would probably have catastrophic repercussions” for Crown and all parties with a vested interest.
“It would affect Crown’s investors, workforce, labor organizations, commercial creditors, patrons, the hotel complex, and the wider Victorian tourism sector.”
The message appended that the scenario could also “generate a prospect for prospective international purchasers to capitalize on the circumstances.”
Concerning Crown’s staff, the message conveyed that the majority “have had no participation in, and provided no input to, the shortcomings of ‘previous Crown’,” and stated that they would “encounter further instability” if a violation transpired, in addition to the considerable uncertainty they are already confronting due to the COVID-19 health crisis.
A newly released investigation in New South Wales determined that Crown Resorts is unsuitable to manage its recently built casino in Barangaroo, Sydney. This resulted in a government inquiry to further examine the organization’s operations.
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