Business
ASX 200 rises 0.5%, CBA reports, Crown deemed unsuitable for Sydney on Wednesday 10 February 2021
The S&P/ASX 200 Index (ASX: XJO) went up by around 0.5% today to 6,857 points.
Here are some of the highlights from the ASX:
The Crown Resorts share price fell by more than 3% today after the casino operator was deemed to be unsuitable to operate the new casino in Sydney.
Commissioner Patricia Bergin delivered a 750 page report that made recommendations about various leadership figures that should leave the business, as well as other changes such as improved business operations relating to crime.
Some directors have already left the business. Crown announced earlier today that both Guy Jalland and Michael Johnston have resigned from Crown.
One of the issues identified by the review was the power that the Packer family wielded as…
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