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Veteran company director and Future Fund board member John Poynton said he can help restore Crown Resorts to its former glory, insisting he always acted in the interests of all shareholders and is not a puppet for fallen casino mogul James Packer.
In his first public comments since the release of a damning report that found Crown not suitable to operate Sydneyâs second casino, Mr Poynton, one of few directors spared scathing criticism by former NSW Supreme Court judge Patricia Bergin, SC, said he approached his appointment by Mr Packer in 2018 as being part of a solution to repairing Crown.
The Independent Liquor and Gaming Authority (ILGA) is the gaming regulator in charge of operations in New South Wales. After the recent recommendation by the Bergin Report involving the Crown Resorts Sydney development, the ILGA has now officially deemed the operator unsuitable for a casino license in the state.
The report issued by Commissioner Patricia Bergin is 751 pages in length and came after a long inquiry into the suitability of Crown Resorts to hold a license in Sydney. The company faces allegations of money laundering at several casinos. The report also indicated that the company was in violation of its license in New South Wales due to selling a 19.99% stake in the company to Melco Resorts & Entertainment, a Macau-based casino operator.