Business
Packer keeps controlling stake in Crown – The Australian Financial Review
James Packer can keep his 37 per cent stake in Crown Resorts, but he has given up most of his control over the company.
The 18-month probe by Patricia Bergin, a former NSW Supreme Court judge, found Crown unfit to hold a casino licence in the state because it had facilitated the laundering of hundreds of thousands of dollars, partnered with organised crime to run junkets, and admonished the company for failing to protect its 19 China-based staff from arrest in 2016 for illegally promoting gambling trips.
It was revealed during the inquiry Crown could claim from NSW taxpayers more than 10 times any revenue lost by…
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