CEO of Australia’s troubled Crown quits over regulator pressure
Move removes a point of contention for state body that suspended the company’s gambling licence
15 February 2021 - 08:31
Sydney — The CEO of Australian casino operator Crown Resorts has resigned, bowing to regulator pressure after an inquiry into money laundering allegations called him “no match for what is needed” to rebuild the culture of the troubled firm.
The move, which was widely expected, removes a point of contention for a state regulator that suspended the company’s gambling licence just before it opened a giant casino resort in Sydney but deepens the uncertainty over its future direction...
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