Pressure mounts as three Packer directors exit Crown board10/02/2021|3min
Three Crown directors from James Packer’s Consolidated Press Holdings have left the Crown board after the NSW Independent Liquor and Gaming Authority found the company unsuited in its current form to operate the new casino.
CPH board members of Crown Guy Jalland and Michael Johnston resigned from the board this morning, before Crown terminated the consultancy contract with CPH board member John Poynton.
The three significant exits from the board of directors will be key in Crown’s efforts to secure the license to the casino at Barangaroo.
The report into Crown Resorts involvement in the casino could also see James Packer be forced to sell down his 36 per cent share in the company to a mere 10 per cent share.