James Packer’s Crown Resorts could turn into a hotel, restaurant and property company if the Victorian royal commission revoked its licence to operate a casino at its giant site on Melbourne’s Southbank, writes Elizabeth Knight
on Tuesday, counsel assisting the royal commission into Crown, Adrian Finanzio, SC, gave his closing statement. It was scathing. While he will not make the final call on whether Crown has a future in Melbourne – that decision is up to commissioner Ray Finkelstein, QC – Mr Finanzio was adamant the company was unfit to operate its main business, a casino in Melbourne.
“The misconduct which has given rise to the loss of confidence and trust is at the most serious end of the spectrum ...[it] has occurred over a long period of time and signs of it are still present. All of these matters weigh heavily in favour of a finding that the public interest would be better served by not having this licensee.”
Crown’s alleged systematic legal and ethical breaches have been detailed to the Victorian royal commission.
It also became a financial bonanza, not only for its shareholders, led by Kerry, then James Packer, but the state government which has raked in hundreds of millions of dollars in taxes. It is also the state’s biggest single-site employer with more than 12,000 staff. This organisation carries serious economic
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