Crown Resorts announces resignation of James Packer

Company News

by Anna Napoli

Gaming and entertainment group Crown Resorts (ASX:CWN) has announced the resignation of director, James Packer.

In a statement released today the company says Mr Packer has resigned for personal reasons.

The company’s Chairman says Crown has appreciated Mr Packer’s contribution and respects his decision to step down from Crown.

Mr Packer’s resignation follows reports Crown Resorts  may have breached gambling regulations in 2017.

The company also announced lower than expected results for the first half of 2018.

Shares in Crown Resorts Limited (ASX:CWN) are trading 0.38 per cent lower at $13.02
  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.