Business & Finance / 12 February 2021
More movement at Crown
After a bruising week/year, reports say that Crown Resorts’ CEO Ken Barton will resign after a report to NSW’s gaming regulator found the company was unsuitable to hold a licence for its new Barangaroo casino in Sydney. Commissioner Patricia Bergin singled out Barton saying he was “no match for what is needed at the helm of a casino licensee”. Barton started the gig at the start of 2020, and it’s said that he met with the company’s chair Helen Coonan to discuss his future yesterday. Board member Andrew Demetriou bowed to pressure yesterday ending his 5-year association with Crown. He hit back yesterday at what he saw as “unfair and unjust” criticism levelled at him by Bergin, who said he was a problem after turning in a “bizarre … unedifying performance” at her inquiry. The Independent Liquor and Gaming Authority’s chair Philip Crawford yesterday said both men had to go if the company wanted to open the $2.2 billion casino.
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