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James Packer's 'shameful' and 'disgraceful' conduct mean he is not suitable to be associated with a new $2.2 billion Sydney casino, an inquiry has heard.
The NSW casino regulator had previously approved the billionaire to be a 'close associate' of the company, a subsidiary of casino giant Crown Resorts, which was awarded a licence to run the new casino.
But counsel assisting an inquiry into Crown Resorts' suitability to run the casino says the state's Independent Liquor and Gaming Authority should reconsider that approval.© Provided by Daily Mail Billionaire James Packer's (pictured) 'shameful' and 'disgraceful' conduct means Crown Resorts is 'not suitable' to hold the licence for the new casino under construction in Sydney's Barangaroo, an inquiry has heard
Mr Packer admitted to the inquiry last month that aggressive emails he sent to an unidentified potential investor in Crown Resorts were 'shameful' and 'disgraceful', but blamed his bipolar disorder.
Counsel assisting, Adam Bell SC, says Mr Packer provided no evidence to show his medical condition led that conduct. Emails sent on the same day were expressed in 'perceptive and businesslike terms'.
'The difference was that Mr X had conveyed information to Mr Packer which was bad news, which Mr Packer did not want to hear,' Mr Bell said on Thursday.
Even after Mr Packer resigned from the Crown Resorts board in 2018, he remained a de facto director with 'extraordinary influence' on the company, Mr Bell argued.
Lunar New Year 2019 Crown Casino Buffet© Provided by Daily Mail The casino at Barangaroo (pictured) is set to open in December. The NSW casino regulator had previously approved the billionaire to be a 'close associate' of the company, a subsidiary of casino giant Crown Resorts, which was awarded a licence to run the new casino
A controlling shareholder protocol allowed Mr Packer to receive confidential information, which meant he had at least as much access to confidential information as the executive chairman, John Alexander, and more than the other directors.
'In fact, if anything, Mr Packer's access to information was even more extensive to that of Mr Alexander,' Mr Bell said.
Mr Packer also demanded information and work from directors and executives.
Ken Barton, who was chief financial officer and is now CEO, did not tell shareholder about the protocol at Crown's 2019 AGM even when asked directly about it.
It was 'remarkable' that the board decided to enter an agreement like this, opening the door to the 'extraordinary influence' of Mr Packer and his private company, without telling shareholders, Mr Bell said.© Provided by Daily Mail Mr Packer speaking during the inquiry last month. Mr Packer admitted to the inquiry last month that aggressive emails he sent to an unidentified potential investor in Crown Resorts were 'shameful' and 'disgraceful', but blamed his bipolar disorder
Mr Packer personally campaigned for the casino in Sydney's Barangaroo precinct to be approved and for the licence to be granted to Crown.
The inquiry was told on Thursday that Crown is 'not suitable' to hold the licence for the premises.
Mr Bell said the 'damaging' influence of Crown's major shareholder James Packer on the company was partly to blame.
The inquiry has examined money laundering at Crown casinos and its business ties with people linked to organised crime.
NSW Premier Gladys Berejiklian is seeking urgent advice on the matter and has not ruled out pushing back the December opening date for the Barangaroo development.
Closing submissions will continue on Thursday, with the commission at this stage expected to deliver a final report on February 1.© Provided by Daily Mail NSW Premier Gladys Berejiklian is seeking urgent advice on the matter and has not ruled out pushing back the December opening date for the Barangaroo development (pictured)Read more
Gong Hei Fatt Choi or Gong Xi Fa Cai! Happy Lunar New Year to all of our readers and may you be blessed with wealth, health and happiness!
It’s that time of the year again, where celebrations are in full steam and lion dances are everywhere in the city. Yes! Even in the city of Melbourne, there are Lion Dances everywhere. Particularly around the banking district in Chinatown 0_0.
One other place where the festivities have taken over is on the Crown Promenade. Visit for a full God of Prosperty (on stilts!), lion and dragon dance show for the next 15 days during the Lunar New Year to get some good luck rubbed onto you.
We were fortunate enough to sample a Lunar New Year dinner from Silks Restaurant at Crown Casino. If you recall, we were last here for an amazing meal during the Mooncake (Mid-Autumn) Festival for a divine Chinese meal.
Silks is just one of those Chinese Restaurants that you would bring your ol’ folks along and not have to stress about the quality of the food.
Rest assured, everything they bring onto plate, is delicious.
The night started out with some welcome bubbly drinks before we sat down to enjoy a few scrumptious hot starters including the Stuffed King Crab Claw, Pan-fried Lamb Bun, Crispy Vegetarian and Prawn Spring Rolls.
This was followed on by Steamed Prawn Dumplings, Crab Dumplings, Scallop Siu Mai with Black Truffle, Vegetarian Dumpling, and Xiao Long Bao.
Our favourite dish of the night, had got to be the Duck Dumpling in its own consommé set on top of a beautiful egg custard. Spectacular!
The Pan-fried Patagonian Toothfish with sweet soy sauce was another winner on the night. Fresh, succulent and beautifully cooked, this fish is the ultimate prized seafood dish!
Then came the Wagyu beef with black pepper sauce which everyone simply inhaled. Even I, who cannot eat bovine products inhaled the magnificent scent with a hint of regret.
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We also were served their very delectable Seafood Fried Rice. The Boy clearly loved this as he finished his bowl in 2 seconds! Blink and it was gone!
We managed to sneak in a visit to Crown’s famous annual Riverwalk Hawker’s Bazaar before coming back in for more food and our dessert.
Even the lions came in for a wander and some dancing. One even ate my head! Man, I’m going to have a super good year filled with prosperity (we Chinese are a superstitious lot!).
Things you need to know:
A great way to entertain the family in the next few weeks (until the end of February) with Crown’s famous annual Riverwalk Hawker’s Bazaar, good luck giveaways, cultural dance performances, a Video Star Karaoke challenge and spectacular dragon and lion processions weaving their way through Crown and along the Riverwalk from Queensbridge Street through to Clarendon Street.
As you know, according to Chinese legend, the lion (and firecrackers) dance to ward off evil spirits through the thunderous sound of drums and explosions. The dragon, being the ruler of sky and water, holding the ultimate position amongst all animals, is highly regarded with the lion acting as its protector.
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So at Crown, they have got you covered. Each day across the weekend from 11:00am to 11:00pm, underneath a canopy of glittering lights and lanterns, more than 60 stallholders will fill the Riverwalk for the Hawker’s Bazaar, offering a sensory overload of traditional arts and crafts, cooking demonstrations, Asian delicacies, music and interactive performances. From Valentine’s Day (that is), Saturday 14th February, spectacular fireworks display will light up the sky along the river and ward off evil spirits for the year ahead.
As 2015 ushers in the Year of the Goat, Crown’s Atrium will have an installation representing the Chinese zodiac sign along with an intricate sculpture of a family of goats!
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[Ms I-Hua & The Boy attended as guests of Crown Resorts]