General
Crown CEO Ken Barton resigns following scathing report into casino giant
Ken Barton has stepped down as CEO and managing director of Crown Resorts following last week’s scathing report into the gambling giant.
Key points:
- Ken Barton was found to be “no match” to run a casino by the gaming regulator
- An inquiry found he should have launched a full investigation into money laundering allegations
- Mr Barton is the fourth board member to resign in the last week
In a statement, Crown said it was determined to take “significant steps” to improve governance, compliance and culture.
Helen Coonan will lead the company as executive chairman while the board searches for a new CEO.
An investigation commissioned by NSW’s Independent Liquor and Gaming Authority (ILGA) last week concluded Crown was unsuitable to operate a licence…
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