Crown Resorts Limited
(ASX:CWN) faces another hurdle after the NSW casino watchdog began its investigation into whether it will grant the company a licence for its Sydney high roller casino.
It’s one of two remaining obstacles for the company to clear after parliamentary approval was granted in 2013.
The Independent Liquor and Gaming Authority called for public submissions regarding the suitability of Mr Packer, Crown and its associates to run a casino in the state.
It will also require evidence from Crown to prove its multinational operation is free of corruption.
Crown generated a net profit of $395.8 million in fiscal 2013.
