Head of Crown resigns
Crown Resorts CEO Ken Barton is the latest high profile departure after the NSW regulatory inquiry deemed the company unfit to operate its new Barangaroo casino in Sydney. In the report released last week, Commissioner Patricia Bergin called out Barton for failing to investigate money laundering allegations published in mid-2019. And she said he was “no match for what is needed at the helm of a casino licensee”. Barton follows 3 Crown directors – Andrew Demetriou, Michael Johnston and Guy Jalland – who cut their losses last week. Helen Coonan will stand in as executive chairman (which means she’ll run both the board and management team) until a new CEO is hired. She said the company is committed to improving its “governance, compliance and culture”, and would work with regulators in NSW, and in Western Oz and Victoria where it already operates casinos.
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