•   
  •   

Australia The damning evidence that brought Crown Resorts to its knees

01:20  25 october  2020
01:20  25 october  2020 Source:   abc.net.au

Director of Australia's Crown says she felt pressured to sign discredited advert

  Director of Australia's Crown says she felt pressured to sign discredited advert Director of Australia's Crown says she felt pressured to sign discredited advertJane Halton, a former top bureaucrat who sits on several company boards and chairs global vaccine advocate Coalition for Epidemic Preparedness Innovations, said she agreed to her signature appearing in the ad based on internal advice, but that she has since become aware the ad contained false information.

The independent inquiry into Crown Resorts promised to investigate allegations of sordid dealings within one of Australia's biggest casino operators, seemingly within sight of regulators and police. The evidence laid out over the course of months painted a picture of an organisation fixated on doing

The inquiry into Crown Resorts ’ NSW licence has heard how a secret controlling shareholder “We say that the failure of Crown Resorts to meaningfully act on these longstanding allegations about Packer gave evidence that by the time he finally left Crown ’s board in 2018, he was struggling with

a sign hanging off the side of a building: Crown Resorts has faced months of public hearings. (ABC News: Jane Cowan) © Provided by ABC News Crown Resorts has faced months of public hearings. (ABC News: Jane Cowan)

The independent inquiry into Crown Resorts promised to investigate allegations of sordid dealings within one of Australia's biggest casino operators, seemingly within sight of regulators and police.

The evidence laid out over the course of months painted a picture of an organisation fixated on doing whatever it could to rake in millions of high-roller dollars, sometimes at the risk of its own staff, while leaving the door open to criminal syndicates.

Such revelations have the potential to strip the gaming giant of its licence for its soon-to-open Sydney casino and usher in a new era of accountability across the gaming sector.

US resorts adapt to new normal of skiing amid pandemic

  US resorts adapt to new normal of skiing amid pandemic DENVER (AP) — Helmet, goggles, skis? Check. Hand sanitizer, face covering, reservation? Check. Roughly seven months after the coronavirus cut the ski season short at the height of spring break, resorts across the United States and Canada are slowly picking up the pieces and figuring out how to safely reopen this winter. While many of the details are still being worked out, resort leaders are asking guests to curb their expectations and to embrace a new normal while skiing and snowboarding amid a pandemic.That could mean wearing masks, standing 6 feet (1.

If Crown Sydney is set to salvage its core gaming business in the long term, it will likely be forced to cut ties with its major shareholder James Packer. Crown 'not suitable' to hold Barangaroo casino licence, inquiry hears. The damning evidence that brought an Australian gambling giant to its knees .

McPillow couldn’t help but betray Trump by flashing the secret Martial Law plan to members of the press, burying Trump even more. NEW: The DC attorney general’s office has notified Donald Trump Jr. that it would like to interview him as part of its investigation into misuse of President Trump’s

Inquiry sparked after years of bad press

The inquiry by the Independent Liquor and Gaming Authority (ILGA) is the culmination of years of media scrutiny, and a damning 60 Minutes piece last year.

These investigations uncovered evidence Crown turned a blind eye to money laundering by organised criminal syndicates working through junket operators to infiltrate its casinos in Melbourne and Perth.

Crown repeatedly denied allegations at the time, releasing a full-page newspaper statement in 2019 calling the media reports a smear campaign and listing the reasons why it stood by its integrity.

This very statement would later be dissected, with various board members admitting to the inquiry that Crown's statement was misleading and in parts, flat out wrong.

Crown Casino to be investigated by AUSTRAC over potential money laundering breaches

  Crown Casino to be investigated by AUSTRAC over potential money laundering breaches The financial crimes regulator is investigating Crown Melbourne's management of "high-risk and politically exposed" customers for potential breaches of anti-money laundering and counterterrorism financing laws, the casino operator says.Crown said in a statement to the ASX that AUSTRAC had identified potential non-compliance with the laws including "concerns in relation to ongoing customer due diligence, and adopting, maintaining and complying with an anti-money laundering/counterterrorism financing program".

A conspiracy theory has been circulating around the internet, claiming that the Pope was arrested for “child trafficking, fraud” among other allegations. The source of this theory is not clear. “Fact-checkers” were quick to shoot this article down, most without any sufficient counter- evidence .

Bringing down the debt pyramid of a nation carrying nearly trillion in national debt isn't exactly rocket science. All they have to do is stand back and Bring out the marshmallows and weiners, folks: This is going to be the most bizarre campfire front row seat to U.S. history that anyone has witnessed

While Crown's board maintains it had no proof of dodgy dealings, the inquiry heard that other agencies did, including the Australian Federal Police, corporate regulator AUSTRAC and two of Australia's largest banks.

Red-flags not raised with the board

Former Crown chairman John Alexander was quizzed about his knowledge of one such incident in 2018 that should have been a major cause for concern.

It was the discovery of $5.6 million in cash in a Crown Melbourne gaming room run by its junket operator partner Suncity, despite rules that no more than $100,000 be kept there at any time.

Mr Alexander maintained that senior staff should have elevated the concerns with the board but did not.

He also acknowledged he had no training in anti-money laundering before or during his tenure.

A similar admission was given by Crown's risk committee chairman, former Qantas boss Geoff Dixon, who said during his 12 years with Crown there had been no formal anti-money-laundering training.

Danny Boyle's top 10 movies

  Danny Boyle's top 10 movies Happy Birthday, Danny Boyle! The director reached the age of 64 on October 20, and what better way to celebrate than to take a look back at his best movies. From his directorial debut in 1994 to his box office hits. Here are Danny Boyle's top 10 movies

Crowns and bridges. In addition to restoring teeth that are badly decayed or broken, crowns (caps) can improve one's appearance by correcting severely discoloured Today most crowns are made from alloys. Sometimes these alloys are coated with a layer of porcelain for natural appearance.

Take 10 min and listen, Mark 10:32-45 "For the Son of man also came not to be served but to serve, and to give his life as a ransom for many.” "they will

Director and current chairwoman Helen Coonan made even more frank admissions when pushed for answers by Commissioner Patricia Bergin.

Ms Coonan acknowledged the company facilitated money-laundering because its policies were so lax.

Then there were admissions that a company-wide program to detect such incidents was considered but is yet to be implemented.

The banks flagged concerns, why didn't Crown?

Countless questions have also been raised about what Crown's board knew of the bank accounts it used for its VIP high-roller accounts.

Every year millions of dollars passed through these accounts, held in the name of two Crown subsidiaries: Riverbank and Southbank.

The inquiry was told serious concerns were raised first by ANZ bank, which closed the accounts in 2014.

The Commonwealth Bank followed suit five years later but not before giving Crown a show-cause notice.

In one example, multiple deposits were lodged in Commonwealth Bank branches across Sydney into the same patron account on one day.

The amounts all mysteriously fell short of the $10,000 declaration limit — proving the deposits were limited in order to fly under the radar of authorities.

Crown Resorts faces bad odds as it heads into annual general meeting amid AUSTRAC probe

  Crown Resorts faces bad odds as it heads into annual general meeting amid AUSTRAC probe As Crown Resorts holds its annual general meeting today, hanging over its head will be class actions for misleading investors and an AUSTRAC investigation into allegations it did not do enough to stop criminal gangs using its casinos to launder large sums of money.For the moment, it looks like Crown Resorts isn't winning.

Despite being appointed director of Riverbank and Southbank, former chairman John Alexander said he had no idea how or why the accounts had been shut down until recently.

But he defended his position, saying the company's compliance officer never raised it with him or the board.

Junket operators source of big business

The millions of dollars in cash coming in through Crown's VIP business were typically sourced from China by Macau-based junket operators with nefarious links to organised crime, the inquiry heard.

During questioning, former chairman James Packer was grilled about what he knew of the junkets partnering with Crown.

He said he knew of at least four operators during his tenure including Suncity, Song, Meg-Star and Qin Si Xin.

Mr Packer was asked why Crown never investigated even though some were named in media reports as having links to organised crime.

He acknowledged they were "good for business" and a major revenue driver but he had no understanding of Crown's oversight of them, claiming it was the job of senior staff to keep track.

Staff in China raised concerns before arrests

Of all the admissions, none stand out like the failure of Crown to protect its own staff.

It ended in more than a dozen Crown employees spending months behind bars in a Chinese jail for the illegal and unlicenced promotion of gambling.

The Crown star and creator impressed with Princess Diana actress' talents

  The Crown star and creator impressed with Princess Diana actress' talents Actor Josh O'Connor and creator Peter Morgan have heaped praise on Emma Corrin, the young actress picked to play Princess Diana in the new season of The Crown, insisting she is stunning as the late royal. Corrin was picked because she resembled Diana, but Morgan claimed he could not have selected a better actress to get under the princess' skin. "We spent our whole time just staring at this woman reading the lines going, 'Wow, she’s kind ofCorrin was picked because she resembled Diana, but Morgan claimed he could not have selected a better actress to get under the princess' skin.

These very staff were at the heart of Crown's VIP business — sourcing players, organising visas and establishing lines of credit — but all from an unmarked and unlicenced office.

Despite months of warnings in the media from the Chinese Government of an impending crackdown, and in the wake of emails from staff raising concerns for their safety, nothing was done.

Like other board members, Helen Coonan said she had no knowledge of how the staff were operating in China or the threats they faced.

But the hearing was told at least one person knew and withheld the information from the board — former chairman Robert Rankin.

The witness who never showed

As the inquiry came to a close, it became clear the inquiry was still looking for answers from one former chairman, Robert Rankin, who declined to answer questions or appear via video-link.

Counsel assisting, Scott Aspinall accused Mr Rankin of knowing the risk staff faced in China and doing nothing.

"In the absence of such explanations, it is open to find firstly that Mr Rankin failed without justifiable reasons to notify his colleagues from the Crown board of his concerns for the staff in China," Mr Aspinall said.

"Secondly that Mr Rankin failed without justifiable reason to follow-up on his notification to place the company on high-alert and failed to enable the Crown board to implement appropriate mechanisms to protect the staff in China from the risk of arrest."

He suggested Mr Rankin be referred to the Australian Securities and Investments Commission (ASIC) for failing his corporate duties.

Princess Estelle wears coat like her mother Crown Princess Victoria's

  Princess Estelle wears coat like her mother Crown Princess Victoria's Three generations of the Swedish royal family gathered to open a new road bridge in Slussbron, Stockholm, with Princess Estelle, eight, looking like a mini-me of her mother Crown Princess Victoria.The young royal, eight, donned a camel coat just like her mother's as they joined King Carl Gustaf of Sweden, 74, to stroll over the new Golden Bridge in Slussbron, Stockholm.

Mr Rankin has not responded to these allegations.

Packer's epic hearings

Of all the witnesses, the one who famously directed Crown in its glory days might end up cutting his ties for good.

During the hearing, James Packer was questioned about the inside information he and his company Consolidated Press Holdings (CPH) were regularly delivered through a "controlling shareholder protocol", despite having resigned from Crown years ago.

It included financial forecasts and other modelling.

He faced questions over what information CPH shared with Hong Kong-based casino giant Melco, before it bought a major portion of his Crown shares.

And there was the revelation of a threatening email he sent to an unnamed businessman, during a time he planned to privatise Crown back in 2015.

Mr Packer admitted by sending the emails his behaviour had been "shameful" and "disgraceful" but said at the time he had been unwell.

The inquiry was told of his health concerns in recent years, a battle with bipolar and his treatment with medicine which could leave him with an unreliable memory.

He suggested a future Crown Resorts could look very different and should consider an overhaul of the board and the introduction of caps on shareholders.

It is now in the hands of Commissioner Patricia Bergin to decide if Crown is fit to hold the licence for its new world-class tower at Sydney's Barangaroo.

If so, she has the power to recommend sweeping new protocols and guidelines to keep Crown and others in check.

The Crown: Embattled Princess Diana pleads 'to be loved' .
The preview shows the royal pleading 'to be loved' by the Royal Family after marrying into the firm at a young age, after Prince Charles was pressured to wed and secure his future on the throne. Gillian Anderson also offers her version of Margaret Thatcher's Iron Lady drawl as she plays a 'dangerous game' by clashing with the Queen after being elected as Prime Minister, vowing she doesn't mind 'making enemies' as she divides the nation with her Parliamentary views.

usr: 3
This is interesting!