Crown Resorts to Tighten Money-Laundering Controls

The video discusses the recent AGM of Crown Resorts, where chairman Helen Coonan apologized for risk management failures exposed by an inquiry into money laundering allegations. The inquiry revealed governance issues and questioned the use of junket operators linked to drug traffickers. Crown Resorts is implementing reforms to tighten money laundering controls and improve compliance. The inquiry's findings, due next year, could impact Crown's license to operate its Sydney casino. The board is also reviewing its structure to address perceived biases towards major shareholder James Packer.

What was the main focus of the recent virtual AGM of Crown Resorts?

• Expansion plans for new casinos

• Apology for risk management failures

• Introduction of new gaming technologies

• Partnership with international operators

What is one of the key reforms Crown Resorts is implementing?

• Increasing the number of casinos

• Tightening anti-money laundering controls

• Reducing the number of employees

• Expanding into new international markets

When are the findings of the inquiry expected to be returned?

• By the end of this year

• In two years

• Early next year

• Next month

What is at stake for Crown Resorts if the inquiry's findings are unfavorable?

• Partnership with new investors

• Increase in casino revenue

• Expansion into new markets

• Loss of license to operate the Sydney casino

What is Crown Resorts pledging to do to address perceived bias?

• Launch a new advertising campaign

• Hire more staff

• Review the board

• Increase marketing efforts