follow our live updates as Donald Trump’s second impeachment trial continues in the U.S. Senate

Andrew Demetriou, director of Crown Resorts, has stepped down from the board of directors of the embattled gaming giant but has vowed to defend its reputation

In a statement, Mr Demetriou said it was not an “easy decision” to step down and that he had “thought carefully about this move”

“I have always been a team player and have supported the common good so I will be stepping down from the Crown Resorts board of directors to give Crown the best possible chance to become eligible for the NSW regulator,” he said

A comprehensive investigation commissioned this week by NSW’s Independent Liquor and Gaming Authority (ILGA) found that Crown was unsuitable for operating a license for the new Sydney casino in its current form / p>

A report by Commissioner Patricia Bergin has tainted corporate culture and identified a litany of mistakes, including money laundering

ILGA chairman Philip Crawford said Mr. Demetriou would have to resign if the company wanted to license Barangaroo Casino in the future

In his statement, however, Mr Demetriou said the comments made to him in the report were “unfair and unjust”

Two other directors, Michael Johnston and Guy Jalland, resigned from Crown on Wednesday, and CEO Ken Barton is expected to step down in the coming days.

Mr. Demetriou said it was an “honor” to serve on the Crown Board and trusted that the new casino would eventually be licensed

“Crown is a great company with amazing people who serve the company well. Barangaroo will be a great addition to the Sydney landscape and I look forward to it when it is fully operational,” he said

The photo and biography of Mr. Demetriou were quickly deleted from Crown Resorts’ website after his resignation

Damned evidence was presented in public investigation into Crown’s operations. Is this a new era of accountability for the gambling sector?

Mr. Demetriou was the current chairman of Crown Melbourne and was a member of the Crowns Risk Management Committee from 2018

Following allegations of money laundering on Crown’s two VIP bank accounts in 2019, Mr Demetriou said he never took the opportunity to look at the accounts himself and said he was not an accountant

The Bergin Report also found that Mr. Demetriou had pledged allegiance to James Packer, Crown’s largest shareholder, and provided him with information on a regular basis upon request

During last year’s investigation, Mr. Demetriou was hired to refer to notes when answering questions about corporate culture

“There has to be changes to the top and management, a lot of changes to the board, and this has already started,” Crawford said

“We’re looking forward to a little more of it and also to the management. It’s a start”

The ILGA board of directors will meet today to discuss the commissioner’s report and Mr Crawford said the regulator had “a fairly long list” of requirements for Crown to be eligible to operate the Barangaroo casino

We recognize the Aboriginal people and the Torres Strait Islander as the first Australians and traditional administrators of the countries where we live, learn and work

This service may contain material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN, and the BBC World Service that is copyrighted and cannot be reproduced

AEST = Australian Eastern Standard Time, 10 hours before GMT (Greenwich Mean Time)

Andrew Demetriou

World news – AU – Crown director Andrew Demetriou resigns after a damn report but will “defend his reputation”

Source: https://www.abc.net.au/news/2021-02-12/andrew-demetriou-resigns-from-crown-resorts/13147330