Business
Police get in on Crown act as Packer looks safe to keep his stake – Sydney Morning Herald
The Australian Federal Police has confirmed a report it is investigating potential criminal offences related to Crown having received a referral from Commissioner…
In the meantime NSWs Independent Liquor & Gaming Authority (ILGA), which ran the inquiry, appears well progressed in negotiating a solution with Packers private company CPH – one that is designed to limit Packers voting influence to that of a 10 per cent shareholder but allow his economic interest to remain at 37 per cent.
The details of how this will be engineered are unclear but the structure of asymmetric voting and economic interest is not without precedent. The most cited case was Len Ainsworths…
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