at its Melbourne and Perth casinos, ignored evidence its "junket" high-roller tour partners were involved in organised crime, and failed to protect its employees in China from arrest despite clear warning signs they were at risk.The inquiry will consider whether Crown should keep the licence for its new casino in Sydney, which is set to open in December.
"We acknowledge we have more to do to meet this objective, and over the past year the board has actively pursued a range of improvements. Having a gaming licence is a privilege that we as an organisation do not take for granted." "Shareholders have given a clear and powerful message that board renewal is required, and the board accepts this feedback. Changes will be made."
Prominent institutional shareholder Perpetual, which owns 9 per cent of Crown's shares will vote against the re-election of three directors up for re-election, while the Australian Council of Superannuation Investors encouraged its members, which own about 7 per cent of Crown's shares, to also vote against the directors' re-election.
pwhatch Not good enough Move her on
pwhatch Apologies are cheap!
pwhatch H Conan: ... but let us have casino licence and we promise we’ll do what we’re supposed to do.... next time! Govt: oh, OK!
pwhatch Oh I'm so sad for all of the shareholders that are losing money. It's called gambling for a reason. Perhaps they now understand what it is like to lose. If you profit from misery you shouldn't whinge when karma catches up with you.
pwhatch She was in love at the time.
pwhatch She is a pretender
pwhatch Female leadership, always sell your shares.
pwhatch lol
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coonan admits Crown facilitated money laundering at casinoCrown Resorts chair Helen Coonan blamed 'ineptitude' rather than the company deliberately 'turning a blind eye' to criminals banking their dirty cash with the company. pwhatch “Never ascribe to malice, that which is plain old incompetence”. pwhatch Unfortunately the law does not discriminate between ineptitude and intent in breaking the law. As an ex member of Parliament you would be well aware of that. A Casino which should have the highest levels of internal scrutiny was a criminal outfit...LICENCE REVOKED pwhatch Crown employs former politician in order to ensure there are no yes or no answers only subterfuge...
Source: smh - 🏆 6. / 80 Read more »
Coonan admits Crown 'enabled' money laundering at casinoCrown Resorts chairman Helen Coonan has blamed 'ineptitude' rather than the turning of a 'blind eye' for the money laundering that was facilitated at its Melbourne casino. How is this dreadful ex liberal still the chairman? 'ineptitude' - is that code for 'core business' ? “In my defence I’m inept” is not normally my go to defence
Source: theage - 🏆 8. / 77 Read more »
Crown Resorts missed red flags of possible money laundering involving VIP high rollers, inquiry toldCrown Resorts chairwoman Helen Coonan tells an inquiry it's 'better late than never' to investigate possible money laundering involving VIP high rollers at its casinos. 'Missed' 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Yeah right! That this woman was a Liberal Senator tells you all you need to know. She learned her trade in Rorts and dirty deals from the masters. The Liberal party of Australia. Women breaking through glass ceilings for other women to follow! Different gender, same brain!
Source: abcnews - 🏆 5. / 83 Read more »
Jamal Khashoggi's fiancee files lawsuit against Saudi Crown Prince over 'brutal and brazen' killingThe family of slain Saudi journalist Jamal Khashoggi files a US lawsuit accusing Saudi Crown Prince Mohammed bin Salman of personally ordering the journalist's brutal execution in order to silence the high-profile government critic. There's a good podcast about the Trumps and the Saudis on ABC's America if you're listening. all over the world, the government orders secret killings..not sure if any country can claim they not done the same in the last 50 years in the name of safety and protection. The USA does it in a more refined way like how it does to Julian ..lol. No probs, the UN will handle it, giving them a seat on human rights and all. I expect you’ll hear nothing.
Source: abcnews - 🏆 5. / 83 Read more »
Dominic West reportedly cast as Prince Charles in upcoming The Crown seasonsDominic West – who has perhaps become more well known for his recent affair with Lily James – is rumoured to have been cast as Prince Charles in The Crown. No idea who Lily James is. I know Dominic West from the tv show The Affair though. Typecasting then ? He looks NOTHING WHAT SO EVER LIKE PC
Source: newscomauHQ - 🏆 9. / 77 Read more »
Inquiry into Crown is a 'very big deal for Crown, a very big deal for Packer' | Sky News AustraliaThe Herald Sun Business Columnist Terry McCrann says James Packer and Crown are in a “world of pain” amid a current inquiry because if there’s a negative outcome, “it will reverberate around the country”. \n\nThere is now an inquiry into whether Crown and Australian businessman James Packer are fit to hold the gambling license in New South Wales for the Barangaroo casino that was intended to open in December.\n\n“It’s great to see we not only have embarrassment and red faces in Melbourne, there’s just as much embarrassment in Sydney at this inquiry,” Mr McCrann said. \n\n“Crown and James Packer are both in a world of pain.\n\n“It’s very clear now there has to be some sort of penalty applied to crown.\n\n“This inquiry is just to see whether Crown is a fit and proper corporate person to hold the license for the Barangaroo Casino in Sydney, scheduled to open in December, but clearly, if they get a negative outcome in relation to Barangaroo, this will reverberate around the country. \n\n“It’ll reverberate around its fitness to hold the license in Melbourne, and also the smaller casino in Perth.\n\n“This is a very, very big deal for crown, it’s very, very big deal for Packer.”\n Internationally as well. All gaming licensees may get investigated & can be cancelled. How far back does this go?
Source: SkyNewsAust - 🏆 7. / 78 Read more »