Crown keeps data tight, prepares for Victorian royal commission
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Crown Resortâs chairman Helen Coonan has resisted calls from one of the largest shareholders in the troubled $8.6 billion casino operator to kick off the formal sale process and open the books to its three suitors.
Perpetualâs head of equities Paul Skamvougeras aired his frustration at Ms Coonanâs choice not to open up Crownâs data room for due diligence this week as Crown prepared to face next weekâs opening hearings of the Victorian royal commission.
Crown Towers Sydney, Barangaroo, Sydney, Â
Peter Braig
The probe into the suitability of Crown to hold its Melbourne casino licence will hear its first evidence on Monday, with the NSW gaming regulator watching on for any new revelations of malfeasance at the James Packer-backed group that a NSW inquiry found unfit to open its $2.2bn Barangaroo casino.
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