Blow to Packer as NSW commits to casino shake-up

Original article by Lachlan Moffet Gray
The Australian – Page: 13 & 18 : 19-Aug-21

The New South Wales government has advised that it will implement all 19 recommendations made by the Bergin inquiry into Crown Resorts. Amongst other things, former judge Patricia Bergin recommended the creation of an independent casino regulator and a ban on individuals or businesses owning more than 10 per cent of a casino operator without regulatory approval. This is likely to require James Packer to reduce his 37 per cent stake in Crown, while it may also make it harder for him to sell his stake to potential buyers of the group.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN

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