Page 29 - Ken Barton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It’s unclear if this structure would be acceptable to regulators but several investment bankers, who declined to be named, said it could be done . Those bankers said it would be challenging to find buyers for Mr Packer’s stake, if part of it was put up for sale, until a raft of recommendations made in the report from the inquiry were implemented. Crown’s board and Mr Packer are required to make those changes in order for it to be reconsidered as a suitable casino licence holder. Advertisement Mr Packer has demonstrated in the past a willingness to cut his stake in Crown. In 201...

Casino giant Crown Resorts is not fit to run its $2.2 billion Sydney casino because it facilitated money laundering and has other 'deep' problems, a highly anticipated report has found. 

Commissioner Patricia Bergin’s 800-page report into Crown Resorts delivered James Packer his greatest ignominy but could reshape the Australian casino landscape.

Crown's Melbourne and Perth casinos are in the firing line.

“The review of the Chairman’s evidence demonstrates that her character, honesty and integrity has not been and could not be called into question.” Ken Barton, chief executive: It was “appalling” and “quite improper” for Barton to give a misleading answer to shareholder activist Stephen Mayne about whether Packer was getting special briefings at Crown’s 2019 annual meeting – but his attempts to justify his conduct while giving evidence to the inquiry “were even more inappropriate for the CEO and director of Crown and director of the licensee”. “It demonstrated a serious...