Crown Resorts has been fined $20 million in Victoria over historically claiming improper tax deductions for promotional costs that were disguised as amounts paid out as winnings.
propose the group pay one of the biggest financial penalties
Crown has since accepted it had been wrong to claim these tax deductions and paid approximately $61.5 million to the state of Victoria, comprising unpaid casino tax of about $37.4 million and penalty interest of approximately $24.1 million. The Victorian Gambling and Casino Control Commission fine is on top of these payments.
The VGCCC said the fine would have been higher if not for the group’s “remorse and cooperation”. Crown Resorts was bought by Blackstone Capital for $8.9 billion in May last year.
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