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Xavier Walsh: Crown Melbourne boss to stand down

The sudden announcement from the casino giant was confirmed with a statement to the ASX this morning. The statement said Mr Walsh, who joined Crown in 2008, will cease his role as Crown Melbourne chief executive in just over two weeks. READ MORE: Victoria will hold a royal commission into Crown Casino.(Joe Armao) Mr Walsh will remain available to assist the company until his employment at Crown ends on 9 December, the statement said. Crown said it would announce an interim appointment to replace Mr Walsh following consultation with the Victorian Commission for Gambling and Liquor Regulation. In March the Victorian government announced it would launch a Royal Commission into Crown Melbourne.

The Star pulls Crown merger proposal over Royal Commission issues – Travel Weekly

Huntley Mitchell 23 Jul 2021 The Star Entertainment Group has withdrawn its proposal to merge with Crown Resorts, citing “issues” raised at Victoria’s Royal Commission into Crown Melbourne as a major factor. When the offer was initially tabled by The Star in May, chairman John O’Neill claimed that bringing together the two rivals would create an estimated $12 billion ASX-listed national tourism and entertainment giant. The Star also estimated that a merger with Crown would result in cost synergies of between $150 million and $200 million per annum. However, The Star’s tune has changed dramatically since then, so much so that the company has now decided to pull its proposal.

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