An analysis of Crown Resorts
QUESTION
Australian casino operator Crown Resorts Ltd (ASX: CWN) started its pivot towards China in 2013, laying the seeds of the scandal now engulfing it, including that it facilitated money laundering; (ii) disregarded the welfare of its China‐based staff leading to their arrests and putting them at risk of detention; and (iii) continued commercial relationships with junket operators who had links to organised crime groups and foreign influence agents. The scandal has sparked an investigation into organised crime in Australian casinos by Australia’s peak criminal intelligence agency, the Australian Criminal Intelligence Commission, and a separate probe into how government officials deal with Crown. (Source: The Age)
Discuss the possible governance failures that sparked investigations against Crown Casino by government bodies and royal commission with reference to the ASX Corporate Governance Principles (4th edition, 2019).
Short introduction and conclusion, focus on the body paragraphs. In-text citation should include page numbers.
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