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Crown officially deemed not suitable to hold casino licence by gaming regulator
Crown Resorts has officially been told by the New South Wales regulator it is no longer a suitable person to hold a gaming licence for its $2.2 billion Barangaroo casino.
In a notice to shareholders, Crown said it had received a letter from the New South Wales Independent Liquor and Gaming Authority (ILGA) informing the business officially of the proceedings underway.
The findings come a week after the damning Bergin report, which concluded an intensive 18-month investigation on Crown s casino dealings with an 800-page document that recommended root and branch changes.
Under-fire director Harold Mitchell to lead the search for new Crown board members
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Crown director Harold Mitchell is leading the search for new board members at the casino giant despite the ad-man himself being under intense pressure to resign amid questions about his independence from major shareholder James Packer.
Three directors and Crownâs chief executive Ken Barton have left the James Packer-backed group since former Supreme Court judge Patricia Bergin last week found that it was unfit to hold a licence for its new Sydney casino, based on damning evidence it had facilitated money laundering and had been infiltrated by organised crime at its Melbourne and Perth casinos.