|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||13.81 - 13.81|
|52 Week Range||11.62 - 20.36|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 18, 2020|
|1y Target Est||N/A|
SYDNEY (Reuters) -An Australian inquiry on Tuesday declared Crown Resorts unsuitable to hold a gambling licence in Melbourne but allowed it to run its biggest-earning casino under supervision, raising hope for its earnings and takeover prospects. After months of hearings in which the casino operator was accused of enabling money laundering and misleading regulators, a Royal Commission called Crown's actions "disgraceful" in a report published on Tuesday by the Victorian state government. The company 37%-owned by billionaire James Packer had acted in a way which was "illegal, dishonest, unethical and exploitative", the report said.
Shareholders of Australia's Crown Resorts Ltd voted against the casino company's executive pay plans for a second straight year at its annual meeting on Thursday, but turned down a follow-up option to oust its entire board. The voting outcome reflects the precarious situation of the company https://www.reuters.com/business/australias-crown-resorts-warns-may-not-continue-going-concern-2021-09-09, 37% owned by billionaire James Packer, which has been embroiled in two years of scandal and humbling public inquiries. "The Crown board accepts the organisation will continue to face near-term uncertainty," said acting Chair Jane Halton in a prepared speech at the meeting.
Crown Resorts' auditor on Thursday warned that numerous money-laundering probes into the Australian casino operator and the impact of the COVID-19 pandemic cast "material" uncertainty over the company's ability to continue as a going concern. Crown has been embroiled in legal battles and scandal since allegations of money laundering at its Melbourne casino emerged in 2019. In June, financial crime regulator extended a probe into its flagship casino in Melbourne, to also include its operations in Perth.