Crown Resorts’ corporate governance structures will continue to be under the spotlight as company director Jane Halton resumes giving evidence to an inquiry on Thursday.
The NSW gaming regulator’s inquiry is looking into whether Crown is suitable to operate a new casino in Sydney, following media allegations it turned a blind eye to money laundering by organised crime figures and the attempted sale of 19.99 per cent of its stock from James Packer’s private company to Melco Resorts.
Melco is run by Lawrence Ho. Under its agreement with the NSW government to run the new casino, Crown is banned from dealing with Mr Ho’s father, Stanley.
Ms Halton, a former senior public servant who was appointed to the board in 2017, told the inquiry on Wednesday the board had made inroads on addressing failures that contributed to the arrest of Crown staff in China.
However, she will face further questioning about the flow of information from management to the board, the company’s anti-money laundering processes, and its relationships with Chinese junket operators.
Her evidence follows appearances from major shareholder and former executive chairman, Mr Packer, other board members, and senior executives.
The company chair, former Australian senator Helen Coonan, is due to give evidence after Ms Halton.
The inquiry report is expected in early 2021.