It’s difficult to know who is calling the shots over at Crown but it is displaying more of the old Crown DNA,not a company that can accept its immense mistakes and misjudgments.
The NSW gambling regulator has blocked Crown Resorts from opening its new $2.2 billion Sydney casino next month until a review of its licence is completed in February.
Crown Resorts says it will only work with high-roller"junket"partners again if Australian gambling regulators introduce a licensing regime for the controversial tour operators.
Crown Resorts'legal team says the group made'honest mistakes'before 19 employees were arrested in China but it should not be disqualified from running a casino.
The commissioner leading the Crown Resorts inquiry says it inexplicable the casino giant's senior executives did not escalate"bad news"to its board.
Lawyers for James Packer have told a public inquiry the billionaire is a “man of character” and is not to blame for Crown's failures.
The Crown inquiry has raised the prospect of the casino giant facing criminal charges for dealing with the proceeds of crime after it allowed dirty cash to be laundered through its bank accounts.
It isn’t yet a scalp,but the possibility of Robert Rankin being prosecuted by ASIC is likely to send a shiver down the spines of other Crown directors.
Helen Coonan staged a'coup'to oust former Crown executive chairman John Alexander in January and now she's trying to keep her own job.
Crown Resorts’ woes are cascading,its share price is collapsing and the wealth of its major shareholder James Packer is shrinking.
Crown's 10 per cent shareholder Blackstone appears to be positioning itself to have an option to take a controlling interest in the casino group.