5/11/2021 0 Comments Crown Zero 3Gp
The Crown Casino complex in Melbourne is pictured on Mar 19, 2016.File photo: ReutersJason Reed).Last month, a probity inquiry in the state of New South Wales declared Crown unfit to run a A2.2 billion (US1.7 billion) Sydney casino after finding the company dealt with tour operators linked to organised crime, allowed money laundering and disregarded the safety of 18 staff jailed in China in 2016 for breaking that countrys anti-gambling laws.
![]() The companys letter of reply had not been made public, but for now its sufficient for me to point out Crowns response is a little equivocal, Finkelstein said on the first day of hearings. The Crown companies do not accept, in terms, the findings made, Finkelstein added. On Feb 11, Crown chair Helen Coonan said in a statement in relation to the Sydney inquiry that I accept criticism is warranted and reiterate our unreserved apologies for these shortcomings. Hearings for the Victorian Royal Commission resume at a date to be fixed. This week, Crown said it received a US6.2 billion buyout proposal from private equity giant Blackstone Group. Crown, which lost about half its board in the past month following the Sydney inquiry, is yet to say if it supports a takeover. ![]()
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