Business
Crown (ASX:CWN) shares on watch after being found unsuitable to operate Sydney casino
The Crown Resorts Ltd (ASX: CWN) share price will be one to watch when it returns from its trading halt.
This morning the casino and resorts operator requested the halt ahead of the release of the Commissioner’s report in relation to an inquiry into the suitability of Crown Resorts holding the licence for Sydney’s Barangaroo casino.
What has happened?
This afternoon that final report was released and reveals that Commissioner Patricia Bergin has deemed Crown Resorts to be unsuitable to operate its new Sydney casino. This follows a public inquiry which uncovered allegations of money laundering.
According to the ABC, the final report states that Crown Resorts needs to make sweeping cultural changes if it wants to be considered a…
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