Crown Resorts CEO steps down
Melbourne, Australia – 23 February 2017 –
Crown Resorts chief executive officer Rowen Craigie has stepped down and the casino operator has scrapped a proposed hotels listing in the latest fallout from a crackdown on its activities in China, Bloomberg reported.
Chairman John Alexander will take on Craigie’s responsibilities, a concentration of power that reflects Crown’s tighter focus on its Australian operations after employees were detained on the Chinese mainland in October for alleged gambling-related crimes, Bloomberg reported.
Billionaire James Packer, whose private investment company owns 48 percent of Crown, returned to the board last … Read More