![]() He said that the fact Burswood had no board charter was a failure of corporate governance by him and the chief executive at the time, Rowen Craigie. “There is no doubt I should have attended or resigned,” he said. Under questioning from Cahill he agreed that he did not attend Burswood board meetings after leaving the country in 2013, but continued to receive updates on casino operations from Crown’s then head of Australian resorts, Barry Felstead. While at Crown, he was chair of Burswood from 2004 until 2016. The billionaire was formerly executive chair of Crown but stepped down from the board in 2018. Packer owns 37% of Crown through his company Consolidated Press Holdings but the Victorian royal commission has recommended he be forced to sell down to 5% by September 2024 – something Packer that on Friday was something to which he does not object. These findings were endorsed by a royal commission that reported back to the Victorian government this week which made additional findings that Crown underpaid state gambling taxes and failed in its responsibility to minimise harm to gambling addicts. In February an inquiry in NSW, where Crown hopes to open a new casino at Barangaroo, found that the company facilitated money laundering through bank accounts associated with the Melbourne and Perth casinos, and that criminal groups were involved in the junkets.
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