Coonan accepts $2.5m to put Crown through rehab

Elouise FowlerReporter

Updated Feb 18, 2021 – 5.46pm, first published at 10.16am

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Key Points

Revenue ($m) 581.0, <r[0]c[2],“, down="“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”" “,if(r[0]c[-1]="“”“”“”“”“”“”“”“”“”“”“”“R[0]C[2],“,“”“”“”“”“”“”“”“”“”“”“”″" flat="“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”" “)))“="“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”“”">down </r[0]c[2],“,>62pc from year-earlier 1531.5
Pre-tax loss ($m) 150.2 v 311.6 profit
Net loss ($m) 120.6 v 218.7 profit
Interim dividend (¢) nil v 30.0

Helen Coonan will accept a $2.5 million salary to begin the process of rehabilitating scandal-plagued casino operator Crown Resorts as the company’s executive chairman.

Ms Coonan insisted she was the right person for the job despite having sat since 2011 on a board that an inquiry found had allowed company management to turn a blind eye to money laundering, physical risks to staff in China and junket tour providers with links to criminal Triad gangs.

Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office.