Page 20 - Ken Barton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Recasts and updates throughout, adds reports of WA regulator stepping aside, fund manager comment) SYDNEY, Feb 15 (Reuters) - The chief executive of embattled Crown Resorts resigned on Monday, bowing to growing pressure after an inquiry found widespread money laundering and governance issues at the Australian casino operator. The exit of CEO Ken Barton, who was harshly criticised in a state regulator-commissioned report released almost a week ago, removes a major block to the company regaining its gambling licence for its new flagship Sydney casino. But it also deepens the uncertainty over t...

Australian shares advanced on Monday, bouncing back from last week's losses, as Wall Street's record finish on Friday and positive domestic corporate earnings boosted investor sentiment.

Australia Casino Group CEO Resigns After Laundering Probe 02/14/21 AT 8:07 PM One of Australia's biggest casino groups has seen a boardroom exodus after being declared unsuitable to hold a gambling licence, with the CEO of Crown Resorts becoming the latest executive to resign on Monday. A public inquiry last week recommended Crown Resorts should be denied a licence to run a new multi-billion-dollar casino that dominates Sydney's skyline, over its failure to address allegations of money laundering and links to organised crime. Crown Resorts CEO Ken Barton stepped down amid mounting pressure on...

Eamon Gallagher, SMH Crown CEO Ken Barton has resigned after an inquiry showed it had failed to stem money laundering. The Bergin Inquiry found Barton was "no match" for what's needed at the helm of a casino licensee. Barton may walk away with up to $60 million (AUD 77 million) in compensation. Crown's top executive could not survive a damning inquiry that found regulators could not have confidence in the company under his stewardship. CEO and managing director Ken Barton stepped down on Monday after Crown was hung out to dry by an inquiry that found its Sydney o...

Crown Resorts money laundering case: CEO Ken Barton resigns In a report after an year-long inquiry for the state gaming watchdog in New South Wales, former Judge Patricia Bergin had recommended an overhaul of Crown before it began gaming operations at its new A$2.2 billion Sydney casino.  Representative image Ken Barton, Chief Executive Officer of Australia's Crown Resorts has stepped down following allegations of money laundering within the casinos. In a statement, the Melbourne-based casino said Barton will leave immediately and will be replaced by Helen Coonan as executive chairman until ...