In all of its history, Crown has never faced adversity like we are now \u2013 but I\u2019d like to reassure all our investors, stakeholders, and staff that the board is determined and willing to learn from the past,\u201d <\/strong>Coonan told the AGM.<\/p><\/blockquote>\n\u201cThe board accepts that there needs to be an injection of new perspectives and expertise on our board. These changes need to be undertaken in a considered and thoughtful manner to ensure an orderly transition,\u201d she added.<\/p>\n
Packer Could Divest<\/h2>\n
The inquiry will ultimately determine whether the Crown should retain its gambling license in New South Wales. The company hopes to open a $2 billion casino in state capital Sydney at the end of the year.<\/p>\n
Testifying before the inquiry, Packer acknowledged that he may have to sell some or all of his equity in the business for the company to keep its license.<\/p>\n
At the AGM, Coonan refused to answer questions about what Crown would do if it were to lose its Sydney license.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Australian billionaire James Packer used his ownership clout Thursday to save three Crown Resorts directors up for reelection at the company\u2019s annual general meeting. An influential organization told Crown Resorts’ shareholders that poor governance would not be tolerated, leaving the fate of the three directors hanging in the balance. The organization advises Australia’s biggest pension […]<\/p>\n","protected":false},"author":36,"featured_media":152902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,21],"tags":[],"acf":[],"yoast_head":"\n
James Packer Vote Saves Directors\u2019 Skins at Crown Resorts AGM<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n