Nigel Morrison enters the Crown Resorts Council
That the Nigel Morrison Report I recommend Crown would be shared, It had been clear for a few months but only the official had to be awaitednull And for a few days there is also the latter. The same Crown Resorts, in fact, confirmed that Nigel Morrison will take on the role of non -executive directornull The entry of Nigel Morrison into the Crown Resorts Council has been immediate since the appointment of him.
Morrison’s appointment comes after the recent problems that Crown Resorts has faced And the fact that five directors left the group.
Nigel Morrison’s entry, then, It will also bring a considerable contribution from the point of view of experience. In recent years, in fact, he has held a series of role amounts in structures related to the world of games. Among these he was CEO of SkyCity Entertainment Group, CFO di Galaxy Entertainment Group e COO di Crown Melbourne Limited.
Crown Resorts’ problems and the choice of Nigel Morrison for the Crown Resorts Council
Morrison’s choice also comes to try to end a series of problems that have invested James Packer, owner of Crown Resorts and then the same group. A few months ago, in fact, as many as 19 people were arrested in China with the heavy accusation of violation of gambling laws.
The greatest critical issues, however, to whom Nigel Morrison must end with his entry into the Crown Resort Council, concern the Bergin report that arrived last February. In the document, in fact, we read that The group would be unable to be able to hold a game license in Australianull That’s why both within the Bergin report and an investigation of the NSW Independent Liquor and Gaming Authority (ILGA), They said that the addition of experience of experience in the Game Sector to the Crown Resorts Council, would have been crucial to continue to operate in this sector.
These, for example, the words of the president of Ilga, Philip Crawford, during an interview: “I hope to see people with a certain degree of experience in casinos and a good understanding of the corporations act and their obligations as directors. I think they need all -round people with specific experience for the concerns we have and in the management of activities of casino“.
Close to sell?
Cosci as we also wrote in recent weeks on this site (Click here to read the article), Crown Resorts has received a purchase offer for a few weeks worth about six billion dollars from Blackstone Groupnull It is a holding company that already has 10% of the actions of the Crown Resorts and which seems willing to detect the others. At the moment the company is still reflecting on the possibility of being able to sell the entire group. Obviously, the entry of Nigel Morrison, a person of great value and experience, It would seem to offer for the possibility that the group wants to continue the operations. He will have to do it, however, with another look and putting the problems of the last time behind.