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Packer agrees distancing measures from Crown with regulator

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Crown Resorts’ largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the company or have discussions that are not in a public forum.

James Packer’s Consolidated Press Holdings also agreed not to seek any amendment to the Australian operator’s constitution that would affect the business.

The Bergin inquiry, which found Crown not suitable to hold a license for its new property in Sydney, raised grave concerns about Packer’s undue influence over the company. The billionaire has a 37 percent stake.

Sharon Singleton
Sharon Singletonhttps://agbrief.com/about-asia-gaming-brief/
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.

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