Business
Packer sent secret Crown forecasts to Melco before $1.7b sale – Sydney Morning Herald
James Packer’s private company sent confidential Crown Resorts financial forecasts to Hong Kong group Melco Resorts as they were negotiating the sale of a 19.9 per cent stake in the Australian casino giant for $1.7 billion.
Counsel assisting the inquiry Adam Bell, SC, asked if Mr Johnston saw “even the potential conflict of interest in you suggesting positive amendments to financial forecasts whilst at the same time your company is involved in negations to sell its Crown resorts shares?”
“Given that I was not inputting into the pricing discussions, no I didnt,” Mr Johnston said. “I was just commenting on this in the same way that I would comment on… any other budget process.”
Mr Barton, who is now Crown’s chief…
-
Business20 hours ago3 perfect ASX ETFs for beginners
-
Business22 hours agoAMP shares up 33% in six months yet trading below the market P/E ratio. Buy, hold, or sell?
-
General20 hours agoEmbrace AI or risk future ruin, tech billionaire warns
-
Noosa News22 hours agoBlue cards required for child legal services – Proctor