Billionaire James Packer will face a third day of examination at an inquiry which has exposed serious corporate governance failures in Crown Resorts.
The NSW gaming regulator is investigating whether Crown is suitable to operate a new Sydney casino in light of allegations its businesses have been used for money laundering and organised crime, and because of Mr Packer’s 2019 agreement to sell a significant shareholding to Chinese company Melco Resorts.
The 53-year-old, who has been giving evidence from his super yacht moored in the South Pacific, was the company’s executive chairman until 2015, and briefly served on its board later.
He remains a major shareholder.
Even after he stepped down from the board in 2018, Mr Packer received daily confidential information about the company’s operations from its directors and management, the inquiry has heard.
Mr Packer will face questions over the company’s anti-money laundering processes and its relationship with controversial Chinese junket operators.
He earlier conceded engaging in “disgraceful” conduct, 우리계열 which he blamed on bipolar disorder, for 카지노사이트 which he is now being treated.
He also accepted some, 우리계열 but not all, of the blame for major 메리트카지노 corporate governance failures which ultimately led to the arrest of Crown staff in China in 2016.
The inquiry will report in early 2021.
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