Sean McGovern is an energy and environment lawyer at Babst Calland's Pittsburgh office. He counsels clients on a variety of federal and state regulatory issues.
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James Packer might need to sell his Crown stake. Who will buy the tarnished casino giant?
Posted
WedWednesday 17
updated
ThuThursday 18
James Packer s private investment company owns around 37 per cent of Crown Resorts.
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A blockbuster report detailing Crown Resorts failings facilitating money laundering for criminal gangs, consorting with shady figures and failing to protect staff from imprisonment overseas has left the gambling giant vulnerable.
Key points:
Key shareholder James Packer may need to sell down his stake
Previous attempts at sale or privatisation have failed
Currently Crown has no chief executive and a $2.2 billion Sydney casino it cannot open.