Anne Ward is now a formal member of the Crown Resorts leadership team, contributing her extensive background in areas such as banking, digital innovation, and academia. This addition arrives at a critical juncture for Crown as they manage the repercussions of the Bergin Report findings and strive to reestablish their position amidst substantial regulatory scrutiny.
Ward joins Jane Halton, who persists on the board after a phase of considerable transformation. Her knowledge will be indispensable as Crown determines its course of action. Ward conveyed enthusiasm for shaping Crown’s trajectory, recognizing the company’s enduring impact on her native Melbourne.
The gaming and hospitality giant, Crown Resorts, recently shared news of an updated acquisition proposal from the American private equity group, Blackstone. Blackstone increased its offer to AU$13.10 (US$9.55) per share with the goal of taking full ownership of the Australian casino business.
This development places Crown Resorts CEO Jane Halton and the leadership team in a challenging position as they consider their options in the coming days. Further complicating matters, New South Wales’ Independent Liquor & Gaming Authority (ILGA) recently put forth a set of initiatives to pave the way for legislative changes that would create an independent casino regulatory body.
