NSW gaming regulator calls for more heads to roll at Crown
FriFriday 19
FebFebruary 2021 at 1:30am
Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.
Watch
(Grace Tobin)
Print text only
Cancel
The NSW gaming watchdog has called for two more Crown directors to resign from the embattled casino empire following the scathing findings of a year-long inquiry.
Key points:
Independent Liquor and Gaming Authority chairman Philip Crawford says Crown directors Harold Mitchell and John Poynton should go
Former Liberal Party leader John Hewson says the Crown deal with the NSW government has got a stench about it
James Packer might need to sell his Crown stake. Who will buy the tarnished casino giant?
Posted
WedWednesday 17
updated
ThuThursday 18
James Packer s private investment company owns around 37 per cent of Crown Resorts.
(
Print text only
Cancel
A blockbuster report detailing Crown Resorts failings facilitating money laundering for criminal gangs, consorting with shady figures and failing to protect staff from imprisonment overseas has left the gambling giant vulnerable.
Key points:
Key shareholder James Packer may need to sell down his stake
Previous attempts at sale or privatisation have failed
Currently Crown has no chief executive and a $2.2 billion Sydney casino it cannot open.
The West Australian government has announced an inquiry, with the powers of a royal commission, into embattled casino operator Crown Resorts amid increasing pressure on two additional directors of the company to resign. WA’s move, announced late on Tuesday, leaves Victoria isolated as the only state that licenses Crown that has failed to launch a quasi-judicial inquiry into the James Packer-backed casino operator. An inquiry in New South Wales,.
The Straits Times
The 18-month inquiry was ordered by the gaming watchdog in New South Wales.PHOTO: REUTERS
https://str.sg/JHQt
They can read the article in full after signing up for a free account.
Share link:
Or share via:
Sign up or log in to read this article in full
Sign up
All done! This article is now fully available for you
Read now
Get unlimited access to all stories at $0.99/month for the first 3 months.
Get unlimited access to all stories at $0.99/month for the first 3 months.
including the ST News Tablet worth $398.
Let s go!
Spin the wheel for ST Read and Win now.