Two Royal Commissions...Plus Lame Duck Chair!
https://www.theaustralian.com.au/
VIC & WA Royal Commissions are underway in CWN's suitability to hold gambling-casino licences...
While many of CWN Directors have been expelled as a result of NSW ILGA Enquiry into Crown Resorts, Chair Helen Coonan still remains! And while Coonan continues to act for James Packer's 36% shareholding, CWN shareholders will not see light of day...
Worse still? IMO, CWN's biggest issue is its business strategy of undue reliance on mainland Chinese High Rollers, their association with Junket Operators, latter's link with organized crime/Triads acting in concert to collect CWN's massive gambling debts in China, which under Xi Jinping is illegal & criminal offence!
But will either of both the current Royal Commissioners go where Patricia Bergin QC failed to tread? (see ILGA Reports)
If so, then CWN can expect with-drawl of all its licences!
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