Original article by Deborah Cornwall
The Australian – Page: 3 : 22-Jan-20
Businessman James Packer has been ordered to appear before the New South Wales Independent Liquor & Gaming Authority’s inquiry into Crown Resorts’ casino operations. Macau-based gambling tycoon Lawrence Ho has also been asked to appear before the inquiry, which was prompted by Packer’s decision to sell a 19.9 per cent stake in Crown to Ho’s Melco Resorts. This deal will be scrutinised by two of the inquiry’s five separate hearings, amid concern that the transaction could potentially breach Crown’s NSW gambling licence. Other hearings will examine issues such as allegations of money-laundering.
CROWN RESORTS LIMITED – ASX CWN, MELCO RESORTS AND ENTERTAINMENT LIMITED, NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY