Crown Resorts (ASX:CWN) appoints former SkyCity (ASX:SKC) deputy chair as director

Company News

by Michael Luu

Casino operator Crown Resorts (ASX:CWN) has found a new director in the form of former SkyCity (ASX:SKC) deputy chair Bruce Carter, pending probity clearance.

The appointment was announced on Monday morning in a bid to replenish Crown’s depleted board, following the departures of five directors and CEO Ken Barton. The company believes Carter’s experience from state and federal government inquiries can be of great assistance in dealing with royal commissions into its Victoria and Western Australia’s casino licenses.
He also currently holds directorships at Bank of Queensland and AIG Australia.

Shares in Crown Resorts (ASX:CWN) last traded at $12.20

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.