James Packer Nearing Exit At Crown As Board Mulls Takeover Bids

James Packer Nearing Exit At Crown As Board Mulls Takeover Bids

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The move helps pave the best way for Crown to open its $2.2 billion Barangaroo casino in Sydney this 12 months. The James Packer-backed group had its licence suspended last year after proof emerged of money laundering at its Melbourne and Perth casinos.

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Sign up to The Sydney Morning Herald’s e-newsletter right here, The Age’s here, Brisbane Times’ here, and WAtoday’s right here. But even as the regulatory storm in NSW is easing, royal fee clouds are gathering in Victoria and WA. In Victoria, respected former judge Ray Finkelstein was given a tight timeframe of needing to report back by August 1 and was instructed to keep away from “unnecessarily duplicating” Bergin’s work. Crown’s rival and potential suitor, The Star, also confirmed it plans to phase out the use of money. The group will look to supply cashless solutions in other jurisdictions as a part of a gradual transition over time, working with state-based regulators.

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