• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 2 July 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Crown fallout begins as two directors stand down

Ben Blaschke by Ben Blaschke
Wed 10 Feb 2021 at 09:38
OPINION: Crown Resorts looks a natural fit for US casino giant Las Vegas Sands
26
SHARES
653
VIEWS
Print Friendly, PDF & Email

The fallout from the release of the Bergin Report into Crown Resorts’ suitability to hold a NSW casino license has begun with two directors stepping down Wednesday morning.

Crown announced via an ASX filing that Guy Jalland and Michael Johnston – two of the three Board representatives from James Packer’s Consolidated Press Holdings Pty Ltd (CPH) – had resigned, cutting the current number of serving directors to eight.

It also suggests the Packer is already stepping back from Crown following scathing criticism from Commissioner Patricia Bergin in her report this week over the influence he had held over the company in recent years.

Packer holds a 36.8% stake in Crown via CPH.

According to a statement published by The Sydney Morning Herald, CPH has also immediately ended a consultancy agreement with the third Board member, John Poynton, who will instead look to remain with Crown as an independent director.

As a result, “CPH will have no involvement on the Crown board,” a CPH spokesman told the SMH.

“The issue of CPH’s representation on the Crown board, and future communications between those representatives and CPH, were potentially complex matters for ILGA [the Independent Liquor & Gaming Authority] and Crown to resolve.

“The steps announced today take them off the table, giving Crown’s board clear air to work with ILGA in the execution of its announced reform agenda and become a model casino operator. CPH supports these efforts.”

The departure of Jalland and Johnston means that refreshment of Crown’s board is now well and truly underway following the retirement late last year of former Executive Chairman John Alexander. Another, John Horvath, has also promised to step down while it is likely the ongoing participation of two more – CEO Ken Barton and former Australian Football League (AFL) boss Andrew Demetriou – is now untenable after they were singled out in the Bergin Report alongside Johnston.

“It is suggested that in the circumstances of the findings against Mr Barton, Mr Johnston and Mr Demetriou, the Authority would be justified in entertaining very serious doubts that Crown could be converted into a suitable person under the Casino Control Act whilst they remain as directors,” Bergin wrote.

In what may well have been an eye to upcoming change, Crown last month announced the appointment of former Skycity Entertainment Group CEO Nigel Morrison as a new non-executive director.

RelatedPosts

IAG Named Official Media and Production Partner for Australasian Gaming Expo 2022

IAG Named Official Media and Production Partner for Australasian Gaming Expo 2022

Sat 2 Jul 2022 at 05:29
The Star Gold Coast

Queensland government appoints former judge to lead Star inquiry, releases terms of reference

Fri 1 Jul 2022 at 05:29
The Star Gold Coast

Star Entertainment Group names Robert Cooke as new Managing Director and CEO

Wed 29 Jun 2022 at 07:29
Off Track: AUSTRAC’s AML Failures

The Star Sydney fails in bid to add additional 1,000 gaming machines

Sun 26 Jun 2022 at 19:29
Load More
Tags: Andrew DemetriouAustraliaBergin ReportCrown ResortsCrown SydneyGuy JallandJames PackerJohn AlexanderNew South Walesnigel morrisonSydney
Share10Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial: Are Macau’s casinos running out of money?

Editorial: Are Macau’s casinos running out of money?

by Ben Blaschke
Wed 29 Jun 2022 at 21:47

Dominating discussions around Macau’s casino industry over much of the past 12 months has been the looming expiration of gaming...

Hengqin: The future of Macau

Hengqin: The future of Macau

by Wendi Song and Ben Blaschke
Wed 29 Jun 2022 at 20:54

The special economic zone of Hengqin is not only emerging as a critical infrastructure project for mainland China, it will...

Roadmap to 1 January

Roadmap to 1 January

by Andrew W Scott
Wed 29 Jun 2022 at 19:21

With Macau’s new Gaming Law passed by the Legislative Assembly on 21 June, IAG takes a look at the likely...

Branding and engagement in the metaverse

Branding and engagement in the metaverse

by Victoria White
Wed 29 Jun 2022 at 19:07

In Part 1 of this two-part series, we looked at the rising world of metaverses and NFTs. In Part 2...

Related Posts

IAG Named Official Media and Production Partner for Australasian Gaming Expo 2022

IAG Named Official Media and Production Partner for Australasian Gaming Expo 2022

by Ben Blaschke
Sat 2 Jul 2022 at 05:29

The Gaming Technologies Association (GTA), organizer of the Australasian Gaming Expo (AGE), and Inside Asian Gaming (IAG), Asia’s leading B2B gaming industry media brand, have jointly announced that IAG has been appointed Official Media and Production Partner of the Australasian...

Major Macau casinos now operating with ten or fewer gaming tables

Major Macau casinos now operating with ten or fewer gaming tables

by Pierce Chan
Fri 1 Jul 2022 at 20:36

IAG understands the Macau Gaming Inspection and Coordination Bureau (DICJ) held a meeting with the six casino gaming concessionaires on Thursday (30 June), in which the operators were asked to make a dramatic reduction in casino operations by sending the grand...

Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Macau GGR down 62% year-on-year to MOP$2.48 billion in June

by Ben Blaschke
Fri 1 Jul 2022 at 12:49

Macau’s gross gaming revenue fell by 62.1% year-on-year and 25.9% sequentially to MOP$2.48 billion (US$307 million) in June, impacted by the COVID-19 outbreak currently spreading across the city. According to figures from the Gaming Inspection and Coordination Bureau (DICJ), June...

Confirmed COVID cases in Macau reach 638, with 66 in past 24 hours

Confirmed COVID cases in Macau reach 638, with 66 in past 24 hours

by Pierce Chan
Fri 1 Jul 2022 at 10:50

The number of confirmed positive cases of COVID-19 since the continuing Macau outbreak began on 19 June has reached 638, with 66 new nucleic acid test (NAT) positive cases found in the past 24 hours. This represents a slight decline...


HKUST

Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About
  • 中文
  • 日本語

© 2005-2022
Inside Asian Gaming.
All rights reserved.