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Packer taps Moelis to advise on potential Crown sale James Packer has indicated he is open to selling his Crown stake to Blackstone, as Consolidated Press Holdings taps Moelis for advice. Business by Lachlan Moffet Gray Premium Content Subscriber only James Packer has flagged he is open to selling his 37 per cent stake in Crown Resorts to US private equity firm Blackstone, with his holding company Consolidated Press Holdings confirming it has appointed Moelis Australia as an advisor in relation to the $8bn indicative bid for the casino group. "CPH w...

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...

Brennan could be the man to sort out Crown We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Mark Brennan must have been running hot over the weekend. That’s because Bendigo boy Brennan has just the CV that makes him the ideal man for the job of independent sessional commissioner at the Victorian Commission for Gambling and Liquor Regulation. In other words, Victoria’s answer to NSW commissioner Patricia Bergin, whose spectacular carriage of the NSW inquiry culminated in her finding that Crown was not suitable to hold a gaming licence...

Where was the board’s recognition and acceptance that chief executive Ken Barton needed to go, and an announcement it had hired headhunters to find his replacement?

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.