Billionaire Packer Says Crown Restructure Needed Following Probe
- Packer says company’s compliance regime has been a failure
- Former chairman says inquiry has been ‘painful’ experience
A Crown Resorts Ltd. casino and entertainment complex in Melbourne.
Photographer: Mark Dadswell/BloombergThis article is for subscribers only.
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Crown Resorts Ltd.’s billionaire shareholder James Packer said the company’s compliance regime has been a “failure” and agreed a restructuring of Australia’s largest casino operator is needed to keep its Sydney license.