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Crown Melbourne CEO Xavier Walsh to stand down

Advertisement The head of the Victorian royal commission into Crown says the company would be getting away with criminality if it was allowed to continue running its Melbourne casino unhindered. Crown Resorts announced its Melbourne chief executive, Xavier Walsh, would step down half an hour before commissioner Ray Finkelstein, QC, began the final hearings of the months-long probe that has uncovered illegal behaviour. Crown’s lawyer said on Tuesday it accepts the findings and apologises for them. Xavier Walsh leaving the royal commission last month. Credit:Eamon Gallagher Mr Finkelstein, who referenced the possibility of another company taking over the casino, questioned submissions made by Crown’s lawyers urging him to allow the casino to continue with an independent monitor to oversee governance reforms and help the company return to being an acceptable operator.

Crown CEO Xavier Walsh to stand down

Advertisement The head of the Victorian royal commission into Crown says the company would be getting away with criminality if it was allowed to continue running its Melbourne casino unhindered. Crown Resorts announced its Melbourne chief executive, Xavier Walsh, would step down half an hour before commissioner Ray Finkelstein, QC, began the final hearings of the months-long probe that has uncovered illegal behaviour. Crown’s lawyer said on Tuesday it accepts the findings and apologises for them. Xavier Walsh leaving the royal commission last month. Credit:Eamon Gallagher Mr Finkelstein, who referenced the possibility of another company taking over the casino, questioned submissions made by Crown’s lawyers urging him to allow the casino to continue with an independent monitor to oversee governance reforms and help the company return to being an acceptable operator.

Markets Live, Tuesday, 3 August, 2021

See you then. Get our wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. Sign up for The Sydney Morning Herald’s here and The Age’s here. 4.43pm By Lucy Battersby The Australian sharemarket retreated from record highs on Tuesday as miners, banks, and industrial stocks dragged on gains in growth companies, although the buy now, pay later sector helped limit losses. Ongoing interest in Afterpay’s takeover by US-tech company Square pushed its price up a further 11.4 per cent to a six-week high of $127.85. This saw the whole technology sector rise sharply for the second day in a row.

Crown Resorts pays AUD$61m tax bill amid Victoria regulatory probe | Legal & compliance

Crown Resorts pays AUD$61m tax bill amid Victoria regulatory probe | Legal & compliance
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