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Australia: Casino group CEO steps down amid money laundering scandal | News | DW


Australia: Casino group CEO steps down amid money laundering scandal
The head of Australia s Crown Resorts casino group has announced his resignation, following a scathing report into the company s operations. The company has been accused of facilitating money laundering and mafia ties.
Amid the fallout from a money laundering scandal, the CEO of Australia s Crown Resorts, Ken Barton, announced his resignation on Monday. Crown Resorts has been accused of facilitating illegal activities at its casinos in the cities of Melbourne and Perth.
Crown Resorts, Australia s biggest gaming and entertainment group, was rocked by a blistering report on the firm s operations last week. The inquiry, commissioned by the New South Wales Liquor and Gambling Authority watchdog, recommended that Crown Resorts be denied a license to run a glitzy casino tower on Sydney s waterfront. ....

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Crown Resorts CEO Resigns

Following the publication of a money laundering inquiry, Australian casino group Crown Resorts announced that its CEO would resign ....

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Australia's funpark for felons leaves the nation vulnerable to hostile foreign powers


And his gambling? Internal emails from Crown, as reported by my colleague Nick McKenzie in 2019, showed exactly why Huang was so valued by the casino. He was gambling $200 million a year. In one casino in a single year. And that was before he moved to Australia.
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Once here, his punts at Crown’s tables increased “exponentially”, according to an email written by Crown’s vice-president for VIP lifestyle marketing, Maxwell Wang, in 2015. Huang was gambling some $800 million a year on Crown’s tables. In a single year.
An excited Wang used him as a case study for Crown’s sales staff. Wang described Huang’s move to Australia as a “lifestyle event”. Wang wrote: “Lifestyle events can help your customer increase turnover exponentially.” It is not suggested that Huang was gambling with anybody’s money but his own. But did Crown know this for certain? Nobody asked. Nobody wanted to know. The example shows the ....

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Vatican diplomat: The empowerment of women will contribute to peace and security

Vatican diplomat: The empowerment of women will contribute to peace and security
catholicworldreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from catholicworldreport.com Daily Mail and Mail on Sunday newspapers.

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SUIC and QQ Pay Australia Form US-based Fintech Company SUIC QQ Pay USA Inc. to Deliver ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. ....

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