Crown Perth unfit to hold licence

The inquiry into Crown Perth's casino operations has found the gambling business unfit to hold a licence.

A 1000-page report tabled in Parliament says the organisation must undergo remediation before its current licence can be renewed.

Racing and Gaming Minister Tony Buti said the government accepts all 59 recommendations and will now appoint an independent monitor to oversee the necessary changes.

But Crown, now the subject of a $9 billion takeover bid by private equity group Blackstone, will be able to continue under the oversight of an independent monitor.

"The people of WA, including the thousands of hard working casino staff, deserve better," Mr Buti said. "The government will move quickly on the reforms."

The inquiry, chaired by retired judge Neville Owen, has also examined issues of problem gambling and further regulation of electronic gaming machines at Crown.

Media reports had already triggered two royal commissions into allegations of criminal activity infiltrating the gaming structures.

The Bergin inquiry in NSW found bank accounts operated by Crown - Southbank Investments in Melbourne and Riverbank Investments in Perth - facilitated money laundering by organised crime.

This was despite two warnings to Crown that both accounts were open to abuse.

On top of three royal commissions into the casino organisation, financial crimes watchdog AUSTRAC has served Crown Perth with a detailed statement of claim, which relates to more than 500 alleged breaches of anti-money laundering laws.