Company | CWN | Crown Resorts News, Analysis, Announcements and Results | WAtoday
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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.
“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 lack of judgment and insight into the expectation of the highest standards of propriety, candour and cooperation of a director of a company that holds a casino licence.”