Opening Of Crown’s (ASX:CWN) Landmark Sydney Casino Delayed

November 19, 2020 11:57 AM AEDT
Team Kalkine

Crown Resorts Limited (ASX:CWN) suffered yet another blow when the NSW gaming authority ILGA (Independent Liquor and Gaming Authority) held the license CWN requires to run its super luxe casino complex in Sydney and has asked the company to delay the opening.

The autonomous liquor and gaming agency seemed unsure and has sought for more time to decide whether the casino giant is fit to receive a gaming license.

CWN too agreed to the decision and announced in a statement on ASX that the Board has decided not to commence operations at Crown Sydney in December 2020.

The company also declared in the announcement that it will continue to focus on opening the non-gaming operations at Crown Sydney.

CWN had plans to open its 75-floor waterfront casino in mid-December.

Meanwhile, the CWN stock traded at $9.400 at 11:54 AM AEDT.

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