Table 1 Timeline of key events Year...

Table 1

Timeline of key events

Year	Event
2007	May: Consolidated Press Holdings (CPH) divests its Casino assets to Crown Limited (Crown) and it is listed on ASX. CPH retain 46.1% of the shares in Crown. Mr Packer, owner of CPH, becomes Exec. Chair of Crown
2015	August: Mr Packer steps down as Executive Chair and Mr Rankin is appointed non-executive Chairman of Crown
2015	December: Mr Packer resigns from Crown board
2016	October: 18 Crown employees are arrested in China on charges of promoting illegal gambling activities
2016	October: Crown commences building its Sydney casino, due to be opened in 2020
2017	February: Mr Alexander, an executive director, replaces Mr Rankin as Exec. Chair
2017	April: Mr Packer is appointed non-executive director of Crown. He is classified as non-independent due to his significant shareholding
2018	March: Mr Packer resigns as a director of Crown
2019	May: Mr Packer agrees to sell 20% of his shares in Crown to Melco, a Hong Kong based company that allegedly has family ties to organized crime syndicates
	July: A media investigation is aired alleging Crown facilitated money laundering through its casinos and has established links to organized crime syndicates from China
	August: The NSW gaming regulator announces it will conduct an inquiry to determine whether Crown is fit to hold a casino licence for its planned new casino in Sydney
2020	January: NSW Inquiry commences
	January: Mr Alexander steps down as Executive Chairman of Crown, remaining on the board as an executive director. Ms Coonan is appointed non-executive Chairman of Crown. Ms Coonan is classified as independent
	November: NSW Inquiry concludes
2021	February: The NSW Inquiry finds Crown unsuitable to hold its license without “significant cultural, operational and managerial change”
	February: The Victorian government announces a Royal Commission into the suitability of Crown to continue holding a casino gaming license in Melbourne
	March: The Western Australian government announces a Royal Commission into the suitability of Crown to continue holding a casino gaming license in Perth
	October: Victorian Royal Commission delivered its report finding Crown is unsuitable to hold a casino license on the basis that it has engaged in conduct that is “illegal, dishonest, unethical and exploitative”
2022	February: Crown is purchased by Blackstone, a US based private equity group
2022	March: Western Australian Royal Commission delivered its report finding Crown is unsuitable to hold a casino license for its Perth casino

Year	Event
2007	May: Consolidated Press Holdings (CPH) divests its Casino assets to Crown Limited (Crown) and it is listed on ASX. CPH retain 46.1% of the shares in Crown. Mr Packer, owner of CPH, becomes Exec. Chair of Crown
2015	August: Mr Packer steps down as Executive Chair and Mr Rankin is appointed non-executive Chairman of Crown
2015	December: Mr Packer resigns from Crown board
2016	October: 18 Crown employees are arrested in China on charges of promoting illegal gambling activities
2016	October: Crown commences building its Sydney casino, due to be opened in 2020
2017	February: Mr Alexander, an executive director, replaces Mr Rankin as Exec. Chair
2017	April: Mr Packer is appointed non-executive director of Crown. He is classified as non-independent due to his significant shareholding
2018	March: Mr Packer resigns as a director of Crown
2019	May: Mr Packer agrees to sell 20% of his shares in Crown to Melco, a Hong Kong based company that allegedly has family ties to organized crime syndicates
	July: A media investigation is aired alleging Crown facilitated money laundering through its casinos and has established links to organized crime syndicates from China
	August: The NSW gaming regulator announces it will conduct an inquiry to determine whether Crown is fit to hold a casino licence for its planned new casino in Sydney
2020	January: NSW Inquiry commences
	January: Mr Alexander steps down as Executive Chairman of Crown, remaining on the board as an executive director. Ms Coonan is appointed non-executive Chairman of Crown. Ms Coonan is classified as independent
	November: NSW Inquiry concludes
2021	February: The NSW Inquiry finds Crown unsuitable to hold its license without “significant cultural, operational and managerial change”
	February: The Victorian government announces a Royal Commission into the suitability of Crown to continue holding a casino gaming license in Melbourne
	March: The Western Australian government announces a Royal Commission into the suitability of Crown to continue holding a casino gaming license in Perth
	October: Victorian Royal Commission delivered its report finding Crown is unsuitable to hold a casino license on the basis that it has engaged in conduct that is “illegal, dishonest, unethical and exploitative”
2022	February: Crown is purchased by Blackstone, a US based private equity group
2022	March: Western Australian Royal Commission delivered its report finding Crown is unsuitable to hold a casino license for its Perth casino

Source(s): Table created by author

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