Crown Resorts shareholders have flagged concerns about the embattled casino giant forking out millions for departing executives, as it reported revenue had plummeted 30 per cent.
Crown Resorts shelled out almost $10 million in payouts to three of its most senior executives when they left the embattled casino business, according to its latest report.
John Poynton has resigned as a director of Crown Resorts and chairman of Crown Perth, leaving the group bereft of experienced directors or executives in Perth.
The fallout from last week's NSW report into Crown Resorts has spread, with WA's chief casino officer stepping aside from the role and the company's chief executive resigning.
Crown Resorts has promised "root and branch' changes to satisfy NSW regulators threatening to deny it a Sydney gaming licence, ahead of the April expiry of the venue's liquor licence.
Crown Resorts has announced three changes to its board after yesterday's damning NSW report, with two directors resigning and Perth-based director John Poynton severing his ties with major shareholder James Packer.
The NSW inquiry into Crown Resorts has made scathing assessments of its key WA executives but director John Poynton has emerged with his reputation intact.
Casino giant Crown Resorts is not fit to run its $2.2 billion Sydney casino because it facilitated money laundering and has other "deep" problems, a highly anticipated report has found.
Gaming group Crown Resorts has appointed a chief compliance and financial crimes officer, in the wake of a NSW inquiry into its fitness to hold a Sydney casino license.
Crown Resorts has apologised to shareholders for governance and risk management failures unearthed by a NSW inquiry, while an investor revolt prompted a director to resign.
Crown Resorts chair Helen Coonan has questioned the work of three of her top executives as she sought to defend the gaming company's board over its own performance.
One of Western Australia's biggest employers, Crown Resorts, has stood down 95 per cent of its national workforce due to coronavirus restrictions affecting its casinos and hospitality venues in Perth and Melbourne.
Crown Resorts has posted net profit of $173 million for the year to December 2019, an 11 per cent drop on the previous period that chief executive Ken Barton attributed to mixed trading conditions across various arms of the business.
