Australia – It has been reported today that an inquiry in to allegations against Australia’s largest gaming and entertainment group; Crown Resorts, including the use of junkets, is underway.
Junkets are dubbed as ‘bribes’ and often include paid for trips to lavish destinations.
The firm, which is part owned by Australian billionaire businessman and investor James Packer, has defended against claims that it paid for luxury trips that encouraged gamblers to use its casino establishments.
A hearing has begun in Sydney, Australia, against Crown Resorts, which owns and operates two of Australia’s leading gambling and entertainment establishments; Crown Melbourne and Crown Perth, in which the New South Wales Gaming authority has stated that it is looking in to ‘the vulnerability of junkets to the infiltration of organised crime’.
According to reports in a leading media outlet, the authority; which is accountable for the development, implementation and integrity of the overall regulatory framework across alcohol, licensed clubs, charitable fundraising and gambling activities in New South Wales, also said that the inquiry includes investigations in to ‘vulnerabilities of casinos to money laundering both generally and in connection with the use of junkets’.
Crown Resorts and James Packer have already denied all allegations and are fully co-operating with the ongoing inquiry.
Documents at the hearing stated details of the inquiry and the areas being investigated:
“This included allegations that Crown Resorts casinos were used to launder money, anti-money laundering controls were not rigorously enforced, gambling laws were breached and Crown Resorts or its subsidiaries were associated with junket operators that had links to drug traffickers, money launderers, human traffickers and organised crime groups.”