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Crown Resorts director Andrew Demetriou has succumbed to growing pressure and announced his resignation after the gaming giant was found "not suitable" to hold a gaming licence. However, Crown remains adamant that CEO Ken Barton has not resigned despite media reports claiming he will announce his resignation today. Mr Demetriou joins fellow directors Guy Jalland and Michael Johnston in quitting amid the Bergin report's bombshell allegations the company was involved in money laundering and had links to organised crime. READ MORE: Crown Resorts director Andrew Demetriou speaks during his inquir...

The NSW gaming regulator has earmarked Crown Resorts general counsel Mary Manos as the next official who must exit the troubled gaming giant before it is considered fit to run a casino in the state.

First published on Thu 11 Feb 2021 02.37 EST The chief executive of Crown Resorts, Ken Barton, and a non-executive director of the casino group, Andrew Demetriou, have reportedly resigned following pressure from gambling regulators in New South Wales and Victoria. A third director, Harold Mitchell, is believed to be planning to resign after the Victorian Commission for Gambling and Liquor Regulation (VCGLR) asked him to explain why he was suitable to remain on the board. The Australian newspaper reported on Thursday night that Barton had offered his resignation and Demetriou had quit. “I ha...

February 10, 2021 In Australia and the Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle of billionaire businessman James Packer has reportedly severed its boardroom ties with prominent casino operator Crown Resorts Limited. According to a Tuesday report from the Australian Broadcasting Corporation, the investments enterprise holds a preeminent 36% stake in the casino firm although it has now nevertheless terminated the consultancy contract it held with Crown Resorts Limited non-executive director John Poynton. Voluminous vacuum: CPHPL appointee left on the board of Crown Resor...

The report by independent commissioner Patricia Bergin, published on Tuesday, found Crown facilitated money laundering and failed to act when it was drawn to their attention. It also put its staff in China in danger of being detained and dealt with junket operators it had been told were involved in organised crime. Lisa Maree Williams/Getty Images Australia’s Crown Resorts may have to "blow itself up" to save itself, a NSW gaming regulator says. Crawford said money laundering and organised crime were "pretty scary terms" for a regulator, indicating Crown would have to work hard to persua...