Crown hits back in gambling addict lawsuit
Crown Resorts is fighting a near $4.6m lawsuit from an ex-patron who alleges the James Packer-backed group should have known he was a gambling addict.
Crown Resorts is fighting a near $4.6m lawsuit from an ex-patron who alleges the James Packer-backed group should have known he was a gambling addict.
Western Australia’s gambling watchdog didn’t check the details of foreign high rollers for criminal links, assuming federal authorities would have been rigorous.
Perth billionaire and former director of Crown’s Perth casino Tim Roberts has told a royal commission that he never saw any ‘red flags’ of operational risk.
The sole surviving independent director of Crown Resorts’ WA arm has unloaded on the parent company and the structure of its local operations.
The Star left the door open to hashing out future deals with the James Packer-backed casino.
Crown Resorts chair Helen Coonan has committed to an overhaul of the James Packer-backed company but has also restated her intention to stand down.
Crown Resorts shareholders face more uncertainty after this week’s hearings of the Finkelstein royal commission. Only a few months ago, Crown had two suitors.
Despite its casinos coming under fire, Crown Resorts still expected to return to dividends quickly, a royal commission has heard.
Crown Resorts might as well be operating in different countries instead of three Australian states.
Crown Resorts did not grant Blackstone access to due diligence before rejecting its $8bn offer, as it has yet to form a view on rival Star’s merger plan.
WA’s inquiry into Crown Resorts’ Perth casino licence follows a damning NSW probe, and Victoria’s royal commission.
The WA government has told Crown Resorts it cannot use junkets to attract VIP players, ahead of an inquiry into the Packer-backed gaming giant.
A former director of the company that built Crown’s Melbourne casino has called for regulators to force James Packer to sell down his shareholding in Crown Resorts.
There are understandably questions among investors about the former Howard government minister’s ability to run a business as complex as Crown.
Any move by James Packer to sell down his holding in Crown is set be further delayed, as WA launched its own casino probe.
Crown says it will cooperate with a WA inquiry into its Perth casino licence, as the fallout from a Sydney probe widens.
WA regulators are under pressure to act after it emerged that the chief casino officer was a close friend of two of Crown’s legal and compliance team.
As the company she chairs grew increasingly besieged, by Thursday afternoon, the normally collaborative Helen Coonan needed to change her tone.
Crown Resorts is positioning to name Helen Coonan as executive chairman, replacing CEO Ken Barton, as the casino company’s board meets.
Crown Resorts director Andrew Demetriou has resigned and chief executive Ken Barton is also expected to formally step down.
Original URL: https://www.theaustralian.com.au/topics/crown-resorts