Casino group's bad week: The heat intensifies
It was Crown’s casual approach to the welfare of chronic gamblers that drew some of the most damaging admissions of the inquiry so far.
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It was Crown’s casual approach to the welfare of chronic gamblers that drew some of the most damaging admissions of the inquiry so far.
Packer barred from Crown board The NSW gaming regulator has reached an agreement with James Packer preventing him from seeking representation on the board of Crown Resorts. Business by Lachlan Moffet Gray Premium Content Subscriber only The NSW gambling regulator has reached an agreement with James Packer that formally bans him sitting on the board of or interfering with casino operator Crown Resorts, in which he owns a 37 per cent stake. In a statement the NSW independent Liquor and Gaming Authority said it had reached an agreement with Mr Packer's ...
April 16, 2021 Following months of negotiations and billionaire businessman James Packer (pictured) has reportedly agreed a deal that will allow him to retain his around 37% stake in beleaguered Australian casino operator Crown Resorts Limited. According to a Thursday report from The Sydney Morning Herald newspaper, the arrangement worked out with the New South Wales Independent Liquor and Gaming Authority is set to permit the 53-year-old’s Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle to remain as the largest individual shareholder in Crown Resorts Limited. The source exp...
Another Crown Resorts director steps down as NSW regulator flexes muscle 747 VIEWS John Poynton has become the fifth Crown Resorts director to step down in less than a month as the company’s boardroom makeover continues in the wake of the recent Bergin Report. Crown announced Monday morning that Poynton, who had previously resisted calls to step aside, had agreed to make way following pressure from the NSW Independent Liquor and Gaming Authority (ILGA). The Authority had questioned Poynton’s independence from majority shareholder James Packer given his former role as a consultant to Pa...
John Poynton, Crown Perth chairman, was forced to quit Monday because his past coziness with James Packer pointed to lack of independence.