Crest Resorts has claimed it could default option on powerful debts impacting thousands of ingenuous employees if its Melbourne permit is not renewed.
The company's Victorian operation, nether the microscope of a royal stag committee into whether it crapper retain a licence, wrote a letter to the State authorities last-place week requesting a confluence to hash out its commercial personal matters.
In hearings simply a solar day earlier, the gaming giant's executive director moderate Helen of Troy Coonan was barbecued some the July 2 missive from Crown's external attorney Arnold Ernest Bloch Leibler to Consumer Affairs, Gaming and gacor John Barleycorn Ordinance Minister Genus Melissa Lena Calhoun Horne.
Commissioner Shaft Finkelstein said a "plain English" Reading of the alphabetic character was that Summit was quest to "make sure that the commission doesn't make a particular finding".
Ms Coonan denied the troupe was nerve-wracking to pre-empt or interfere with the majestic committee.
A redacted adaptation of the varsity letter made public on Friday revealed the gambling monster had told Ms Marilyn Horne of the "consequences for Crown and stakeholders" that would come up from a blackball termination of the mission.
"It is not in the public interest for Crown to fail," the letter of the alphabet written by jurisprudence firm mate Leon Zwier aforementioned.
Treetop is the state's largest single-website individual employer with equitable below 12,000 employees, just about of whom get not contributed to the failures of the company, it aforementioned.
"Through COVID-10 (employees) have suffered significant uncertainties. They will suffer greater uncertainties if there is an EOD (event of default).
"An EOD English hawthorn too supply potential drop oversea suitors an opportunity to conduct vantage of the position."
Crown told the minister that a negative finding against it could result in defaulting on debts worth $700 million.
This would have "terrible consequences" for Crown and all its stakeholders, the company said, including shareholders, employees, unions, trade creditors, patrons and the hotel precinct and Melbourne tourism industry.
Crown Resorts has received takeover offers from The Star entertainment group, which owns venues in Sydney, the Gold Coast and Brisbane, as well as US private investment firms Oaktree Capital and the Blackstone Group.
Any suitor will want a guarantee that Crown's casino licence is not suspended, the letter stated.
The company told the consumer affairs minister that it acknowledged the commission's role in "peeling Inner Light on anterior failures of culture, systems and people" so that such failings are not repeated.
It said it would consider terminating employment of any executives or employees that the royal commission makes adverse findings against.
Friday marks the final day of eight weeks of hearings into the casino operator, in which more than 60 witnesses have given evidence.
The hearings have covered failings and lack of compliance of the Melbourne casino, including that only 12 staff were employed to ensure an estimated 64,000 daily visitors gambled responsibly.
It also emerged that Crown had underpaid gaming taxes by the millions, though two letters made public by the commission on Friday stated Crown had underpaid by $8.8 million - not $272.6 million as previously reported.
"It is Crown's intent to bear our estimate of the come owing, jointly with punishment interest," chief executive officer Steve McCann wrote to both the gaming regulator and the Department of Treasury and Finance on July 1.
Commissioner Ray Finkelstein is expected to deliver a final report detailing his findings and recommendations by October 15.
His inquiry centred on Crown's Melbourne operations follows the Bergin inquiry in NSW, which in February found Crown unfit to run a casino at its Barangaroo complex in Sydney.
Separately, the Victorian Commission for Gambling and Liquor Regulation (VCGLR) on Friday confirmed that an independent investigation will examine serious criminal allegations at Melbourne's Crown Casino.
The allegations, made by former inspectors of the casino, will be investigated by prominent QC Ian Freckelton.