Crown Resorts: bill aims to prevent 'outrageous' compensation costs for NSW taxpayers

Crown would be compensated by up to 10.5 times the negative financial impact of new casino licence conditions

Moves are afoot to limit potential compensation claims for hundreds of millions of dollars by Crown Resorts if the New South Wales regulator imposes conditions on its casino licence.

A private member's bill to be introduced by the independent state MP Justin Field on Wednesday aims to override agreements entered into by former premier Mike Baird in 2014 which require NSW taxpayers to compensate Crown by up to 10.5 times the negative financial impact caused by any new conditions imposed on the licence.