Australian Crown Resorts pays regulator $ 45 million in tax underpayment case

July 27 (Reuters) – Australian company Crown Resorts Ltd (CWN.AX) said on Tuesday it had paid A $ 61 million ($ 44.86 million) in fines for underpayment of taxes in its operations of Melbourne since 2012, as part of a larger investigation that could see the casino the operator loses its license coming to an end.

Crown said she would continue to assess the value that was underpaid, adding that the Victorian Commission for Gambling and Liquor Regulation (VCGLR) would also provide a final amount owed to the state once its review is complete by now. October 15. read more

The amount reported on Tuesday includes penalty interest of around A $ 24 million, the company said.

Last month, the state of Victoria granted additional time and funds to the Royal Commission investigating Crown Melbourne to examine its corporate culture and allegations of underpaid casino tax. Read more

Australia’s most powerful type of public inquiry, the Royal Commission, will ultimately determine whether Crown can keep its Melbourne casino license as the company works to reclaim its Sydney license.

($ 1 = 1.3598 Australian dollar)

Reporting by Anushka Trivedi in Bengaluru; Edited by Ramakrishnan M.

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