Queensland Casino Employee Licence
If you are being employed in a Queensland casino as a manager or supervisor of casino staff you will require a casino key employee licence. Note: If you are being employed as a dealer, cashier, security officer, maintenance worker or administration officer you will need a casino employee licence.
Melbourne’s Crown Casino is under threat of losing its licence with the Victorian government bringing forward an investigation into the controversial gaming venue.
The Labour Hire Licensing Act 2017 (the Act) establishes a mandatory licensing scheme for all labour hire providers operating in Queensland. Users of labour hire services can only use a licensed labour hire provider. Sydney developer Terry Agnew is among 12 players vying for one of Queensland's new casino licences, which he says will be the 'kicker' to his $2 billion resort redevelopment on Great Keppel Island.
The Victorian Commission for Gambling and Liquor Regulation (VCGLR) will review the state’s largest single-site private sector employer following “concerning evidence” which came out of a NSW inquiry into Crown Sydney.
It was revealed the NSW gambling regulator last month blocked the planned launch of the casino group’s new $2.2 billion Sydney gaming complex.
The Independent Liquor & Gaming Authority halted the opening after Crown made an 11th-hour submission to the Bergin inquiry — held this year to probe the suitability of Crown Resorts to hold a Sydney gaming licence — about criminals allegedly laundering cash through Crown in Melbourne and Perth.
A dedicated commissioner will be appointed to the VCGLR to hold the seventh Crown Casino review.
The state’s Consumer Affairs, Gaming and Liquor Regulation Minister Melissa Horne said there was “a need for an immediate response” in Victoria following “concerning evidence” presented during the course of the NSW investigation.
“We’re making sure Crown Melbourne conducts its business in a transparent and appropriate manner,” she said.
“This review is needed given the evidence we’ve seen come out of the NSW inquiry.
“While we await the findings of that investigation, it’s appropriate to bring forward the next review to ensure Crown Melbourne is suitable to hold a licence in Victoria.”
The most recent investigation, the Sixth Casino Review, occurred in 2018.
The ILGA Inquiry will hand down its findings in February 2021.
Investors in Crown Resorts Ltd (ASX: CWN) will be eagerly watching to see if the company can double up on its casino licence luck and make the short list for Brisbane's plum Queens Wharf site.
Crown is one of six parties to officially express its interest in the site and is likely to be a top contender.
Among the other key rivals are casino operators Echo Entertainment Group Ltd (ASX: EGP) and SkyCity Entertainment Group Limited (ASX: SKC), as well as international infrastructure company Lend Lease Group (ASX: LLC).
All eyes though will be on Crown Resorts and owner James Packer after it won the fight for a new $1 billion resort development and casino licence in Sydney.
The contenders
Of the other contenders, SkyCity is already committed to investing around $700 million in the redevelopment of its properties in Auckland and Adelaide over the next few years, while Lend Lease Group would be venturing into new territory with a casino operation.
Echo, after missing out on a proposal to redevelop its Sydney Star casino, could be a contender, along with two other Chinese-based groups, but Packer's bold vision and aggressive push for growth at the wheel of Crown, as well as local ownership, would in my view put the company near the top of the likely candidates.
The risks
Queensland is a market Packer will be eager to add to his expanding empire, but will require another significant injection of capital to develop, and he faces stiff casino competition.
Two other casino licences for smaller regions are also up for grabs, in addition to the existing licence held by Reef Casino Trust (ASX: RFT).
That licence is on track to be taken over by a new company, Aquis, who have been given approval to buy land for a proposed $4.2 billion resort near Cairns.
Foolish takeaway
Crown Resorts' success as a bold company with a growth driven management team suggests the company could be among the top contenders for the prized Queens Wharf casino licence. The final decision on who will win the licences is expected to be made by mid-2015, but all eyes will be on Packer to set a high benchmark.
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Queensland Casino Employee Licence Renewal
Motley Fool contributor Regan Pearson owns shares in SkyCity Entertainment.
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The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.