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Australia Vic gaming watchdog pressures Crown board

08:02  11 february  2021
08:02  11 february  2021 Source:   aap.com.au

‘Unedifying performance': Three Crown directors including Andrew Demetriou facing pressure to resign

  ‘Unedifying performance': Three Crown directors including Andrew Demetriou facing pressure to resign At least three members of the Crown board are under pressure to resign, including the group's managing director Andrew Demetriou.Former Supreme Court judge Patricia Bergin handed down a landmark report into the casino company that put Crown's flagship Barangaroo project in Sydney at risk by finding the company was not suitable to hold a NSW casino licence.

Victoria's gaming regulator is increasing the pressure on the board of Crown Resorts, demanding to know why two of the company's directors are fit to associate with its Melbourne casino.

a large tall tower with a clock on the side of a building: Victoria's gaming regulator has increased pressure on Crown after the scathing Bergin report in NSW. © Michael Dodge/AAP PHOTOS Victoria's gaming regulator has increased pressure on Crown after the scathing Bergin report in NSW.

The regulator says it will write to the chair of the Crown Melbourne board, Andrew Demetriou, and Crown Resorts managing director, Ken Barton, to demand they explain their fitness to associate with Crown Melbourne.

The Victorian Commission for Gambling and Liquor Regulation said in a statement that "... associates of the casino operator must be of good repute, having regard to character, honesty and integrity".

Uneasy lies the Crown on James Packer’s head as Bergin inquiry tenders its report

  Uneasy lies the Crown on James Packer’s head as Bergin inquiry tenders its report So much more than a licence is at stake: the future of the reclusive billionaire's casino dynasty hangs in the balance.Former Supreme Court judge Patricia Bergin will hand to NSW state parliament today her highly anticipated report into whether the casino giant should keep its Barangaroo licence.

The move comes after the release of the Bergin report in NSW on Tuesday, which found Crown facilitated money laundering through subsidiaries' bank accounts and failed to act when it was drawn to their attention.

The inquiry found Crown also put its staff in China in danger of being detained and dealt with junket operators it had been told were involved in organised crime.

Two Crown directors aligned to majority shareholder and non-director James Packer have already quit Crown's board after the inquiry also criticised the billionaire.


Video: Two Crown directors resign over damning inquiry report (9News.com.au)

Responding to the scathing Bergin report on Wednesday, Premier Daniel Andrews said it was too early to know whether Crown should keep its Victorian gaming licence, and suggested Melbourne's casino may need its own regulator.

Victorian Government under pressure over Crown Casino after NSW inquiry

  Victorian Government under pressure over Crown Casino after NSW inquiry The Victorian Government is under serious pressure over its regulation of Crown Casino after a NSW inquiry deemed the company was not suitable to hold a licence. The damning findings have raised questions about the efficacy of the Victorian gambling regulator, with much of the evidence against Crown based on events and behaviour associated with the Melbourne casino.The Andrews Government has already brought forward the five-yearly review of Crown's license in Melbourne to 2021, but that will still be carried out by the Victorian Commission for Gambling and Liquor Regulation (VCGLR).

The VCGLR has been under-resourced for some time, and its capacity to regulate Crown has been repeatedly called into question.

But VCGLR chief executive Catherine Myers said several investigations into Crown were already underway, some of them predating the Bergin Inquiry.

These include a show cause notice regarding Crown's junket operations, an investigation into the arrest of its employees in China, and demands for improved governance.

The Victorian regulator is also investigating another Crown Resorts director, Harold Mitchell, who in November 2020 was found to have breached his directors' duties on the board of Tennis Australia.

In December 2020, the VGCLR brought forward its five-year review of Crown's licence.

An independent commissioner will be appointed to conduct the review, which is expected to be completed this year.

Crown CEO Ken Barton bows to pressure and agrees to resign .
Crown chief executive Ken Barton appears likely to step down in the coming days, in the wake of a damning report into the Australian casino giant. The Bergin Report this week found there was likely no future in the company for Mr Barton.ABC News understands Mr Barton has given intention he is set to hand in his resignation.Yesterday two Crown board members Michael Johnston and Guy Jalland resigned from Crown.Mr Barton met earlier today with Crown chair Helen Coonan when it is understood he offered his resignation.

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