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Crown’s profit without purpose a losing bet

Those wondering why society is losing faith in capitalism need only read the Finkelstein report into Crown Resorts. Putting money before all else is a recipe for disaster.

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Ray Finkelstein’s report into Crown Resorts tells the story of a catastrophic risk management failure by an organisation that put profit ahead of its social licence to operate.

The Crown described by Finkelstein is vastly different from the organisation that won the right to operate Melbourne’s monopoly casino licence in 1993.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/crown-s-profit-without-purpose-a-losing-bet-20211026-p593db