Lawyers for Victorian Royal Commission recommend Crown Resorts be found unsuitable to run Melbourne casino
Crown Resorts is unsuitable to hold its Melbourne casino licence and its executive chairman Helen Coonan should step down, counsel assisting the Victorian Royal Commission into Crown has declared.
Edward BoydBusiness Reporter
July 20, 2021 - 12:45PM
Counsel assisting the Victorian Royal Commission into Crown has declared Crown Resorts is unsuitable to hold its Melbourne casino licence and its executive chairman Helen Coonan should step down.
Adrian Finanzio also told the Royal Commission that Crown’s corporate reform strategy was inadequate, and recommended its Melbourne casino licence be cancelled.
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Crown chairman Helen Coonan is giving evidence to the royal commission from 9.45am.
Shares in Crown have plummeted 13.6 per cent to $11.36 since the Victorian royal commission hearings started on May 17
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Good evening
And thatâs a wrap. Thanks for following the Crown royal commission with us today.
Tomorrow is the last day of hearings before Commissioner Ray Finkelstein turns his attention to writing his final report, and we will be hearing from two expert witnesses.
First up we have McGrathNicol partner Robyn McKern, who led a forensic review of Crownâs approach to money laundering risks, and into indications of money laundering on Crownâs accounts, for the commission.