Crown Resorts Limited
(ASX:CWN) has seven days to pay the Victorian government an upfront fee of $250 million as part of a deal to extend the licence on its Melbourne casino.
In August the gaming company agreed to make a number of payments to the state government regarding the extension and taxes.
Crown says the reforms will improve the competitiveness of the Crown Melbourne integrated resort as a tourism destination.
The company also believes the reforms will create new jobs as they will allow Crown Melbourne to compete more effectively in interstate and international markets.
Crown Resorts net profit soared to $656 million in the 2014 financial year.
