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Karen Maley

How James Packer killed his golden egg-laying goose

Crown Resorts’ long-standing habit of grudgingly doing the minimum to comply with its legal and social responsibilities looks set to cost the billionaire dear.

Karen MaleyColumnist

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In the end, James Packer will have no one but himself to blame if – as seems likely – his Crown Resorts is stripped of its lucrative Melbourne casino licence.

By driving a culture where the delivery of robust profits eclipsed all other considerations – such as adhering to anti-money laundering laws, or enforcing responsible gambling rules – he exposed Crown to the inevitability of a critical and detailed public examination.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/companies/games-and-wagering/how-james-packer-killed-his-golden-egg-laying-goose-20210720-p58b9s