Marriott International Chief Executive Officer Arne Sorenson, who was undergoing treatment for pancreatic cancer, has died, the company said on Tuesday.
(Recasts and updates throughout, adds reports of WA regulator stepping aside, fund manager comment)
SYDNEY, Feb 15 (Reuters) - The chief executive of embattled Crown Resorts resigned on Monday, bowing to growing pressure after an inquiry found widespread money laundering and governance issues at the Australian casino operator.
The exit of CEO Ken Barton, who was harshly criticised in a state regulator-commissioned report released almost a week ago, removes a major block to the company regaining its gambling licence for its new flagship Sydney casino.
But it also deepens the uncertainty over the company’s future direction.
Three other Crown directors have stood down over the past week and a fourth has broken links with major shareholder James Packer, whose influence over the company was also strongly criticised in the report.
Parler, a social media service popular with American right-wing users that virtually vanished after the U.S. Capitol riot, re-launched on Monday and said its new platform was built on "sustainable, independent technology."
Parler, a social media service popular with American right-wing users that virtually vanished after the U.S. Capitol riot, re-launched on Monday and said its new platform was built on "sustainable, independent technology."
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SYDNEY (Reuters) - Australia’s Crown Resorts said it was still considering the position of Chief Executive Ken Barton at the casino operator after an inquiry into money laundering allegations found he was not fit for the job, putting its gambling licence in jeopardy.
FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed
The statement came in tandem with the resignation of a third director, Andrew Demetriou, the chairman of Crown Melbourne, where the alleged money laundering took place.
Investors said, however, that Barton’s resignation was only a matter of time and the fact that it hadn’t happened yet was likely due to the need to settle on his replacement and make changes to company structures.