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Australia's Crown says Perth casino inquiry timeline extended to March 2022

Stock Markets Jul 25, 2021 08:05PM ET
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© Reuters. FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Photo

(Reuters) - Casino operator Crown Resorts Ltd on Monday said Western Australia state had extended the time given to a Royal Commission probing operations at its Perth casino to March 2022.

The move comes after Victoria state last month said it would give additional time and funding to a separate Royal Commission that is probing Crown's operations in that state, to allow it to investigate a wider range of matters.

The ongoing inquiries into Crown are to assess its fitness for holding gambling licences in various Australian cities after media accused the company, one-third owned by billionaire James Packer, of ties to money laundering.

A final report from Western Australia was initially expected in mid-November, but will now be delivered on March 4, 2022.

"The state government believes that public interest will be best served if the Perth casino Royal Commission has sufficient time to produce its final report," Western Australia Premier Mark McGowan said.

A Royal Commission is Australia's most powerful type of public inquiry and has the power to compel witnesses.

Australia's Crown says Perth casino inquiry timeline extended to March 2022
 

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