April 16, 2021
Following months of negotiations and billionaire businessman James Packer (pictured) has reportedly agreed a deal that will allow him to retain his around 37% stake in beleaguered Australian casino operator Crown Resorts Limited.
According to a Thursday report from The Sydney Morning Herald newspaper, the arrangement worked out with the New South Wales Independent Liquor and Gaming Authority is set to permit the 53-year-old’s Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle to remain as the largest individual shareholder in Crown Resorts Limited. The source explained that this comes despite accusations uncovered via a recent investigation that Packer had potentially been exercising undue influence over the day-to-day operations of the firm behind the gambling-friendly Crown Melbourne and Crown Perth properties.
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New South Wales Independent MP Alex Greenwich will be introducing new Voluntary Assisted Dying legislation to State Parliament, which is expected to be debated later this year.
The Sydney MP says it s time for New South Wales to follow the lead of Western Australia and Victoria, both of whom passed similar legislation in recent years.
Queensland, Tasmania and South Australia are each also expected to pass legislation this year.
New South Wales certainly lags behind.
It will be the third time assisted voluntary assisted dying legislation has been debated in New South Wales Parliament, with bills being defeated previously in both 2013 and 2017. In 2017, the legislation failed to pass by just one vote.
February 9, 2021
In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making sweeping changes to its leadership and the way it is run.
According to a report from The Guardian newspaper, the New South Wales Independent Liquor and Gaming Authority investigation was conducted by former New South Wales Supreme Court Judge Patricia Bergin and found that the Melbourne-headquartered company was currently not fit to hold a gambling license for its Crown Sydney development. This $1.5 billion venue purportedly opened in the harborside Barangaroo district of Australia’s largest city late last year although missing a VIP-facing casino that was due to feature a selection of almost 500 gaming tables.