Yesterday
How Spanish Mission cost Macquarie its chance at Cup glory
Macquarie’s quant team picked first and second in their Cup tips, but they left out Spanish Mission, the horse rated as the best foreign raider in this year’s field; great day for Brae Sokolski, who owns Verry Elleegant and Incentivise. Follow the Cup latest here.
- Andrew Hobbs and James Thomson
This Month
Crown interim chairman resists key Finkelstein inquiry proposal
The move hardens the battle lines with the Victorian government which has accepted all recommendations from the probe.
- Elouise Fowler
Battle stations as Crown and Packer counter Finkelstein proposals
Just days after Crown Resorts was found to be unfit to run its Melbourne casino, director Bruce Carter staged the first vigorous resistance to a key recommendation.
- Elouise Fowler
How to own a Melbourne Cup day horse for $100
An ownership platform offering micro-shares in race horses gives owners all the thrills with little of the expense.
- Patrick Durkin
October
- Opinion
- Chanticleer
Packer still holds Crown’s reins
Gaming billionaire James Packer’s corporate reputation might have been trashed by the Finkelstein casino inquiry. But he still calls the shots on who will own the company.
- Tony Boyd
Crown Resorts settles class action on China arrests for $125m
The scandal-ridden casino company said it expected to recover “a significant portion” of the pay-out from insurers.
- Hannah Wootton and Michael Pelly
Crown’s road back is paved with doubt
Victoria’s royal commission outlined a swath of recommendations to help Crown Resorts save itself. But experts doubt whether redemption is possible.
- James Thomson
James Packer won’t object to share sell down, but questions timeline
The billionaire said he did not object to a forced sell down of his 37 per cent shareholding in Crown Resorts to less than five per cent, as recommended by the Victorian royal commission this week.
- Elouise Fowler and Hannah Wootton
Crown board to heel to ‘super director’
Crown Resorts’ embattled board will face ‘inevitable’ tensions with its new ‘super director’ special manager, regulatory experts say.
- Hannah Wootton and Elouise Fowler
- Opinion
- Crown royal commission
Crown Resorts has only won a stay of execution
The salvation of the Melbourne casino license lifted the share price. But the quiet genius of the Finkelstein report might be that the slow strangulation of the gambling giant has begun.
- Tony Robinson
No reason for Perth casino to have independence from Crown: directors
Inquiries in WA, NSW and Victoria have all questioned whether Crown’s central management of its casinos in each state complies with its licensing requirements.
- Hannah Wootton and Elouise Fowler
Crown’s profit to take permanent hit: Former Vic gaming minister
The Finkelstein Inquiry will weigh on Crown’s share price for years as the special manager is set to clamp down on “disgraceful” activity.
- Elouise Fowler and Hannah Wootton
Andrews’ Crown contrition a bit rich
No government could ignore findings such as those revealed by Ray Finkelstein. So Victoria’s has done all it conceivably can to avoid receiving them.
- Myriam Robin
- Opinion
- Chanticleer
Woolworths’ inflation warning on grocery prices
Woolworths has just come through its most difficult quarter of the pandemic. But supply chain problems continue to build and are putting pressure on prices.
- Updated
- James Thomson
How Finkelstein made Packer Crown’s biggest loser
Being forced to sell most of his Crown stake puts a brutal exclamation mark on James Packer’s relationship with the casino giant.
- James Thomson
- Opinion
- Chanticleer
Crown’s profit without purpose a losing bet
Those wondering why society is losing faith in capitalism need only read the Finkelstein report. Putting money before all else is a recipe for disaster.
- Tony Boyd
- Opinion
- Crown royal commission
Why Finkelstein’s Crown solution won’t work
Commissioner Ray Finkelstein, QC, has come up with a deeply flawed plan for monitoring Crown Melbourne as it undertakes its corporate makeover.
- Karen Maley
Crown CEO says flagship Melbourne casino doesn’t disadvantage Perth
Appearing before the WA royal commission, Steve McCann cited scale, shared expertise and greater investment potential as benefits of the practice.
- Hannah Wootton and Elouise Fowler
Special manager is the price of Crown’s survival
The company’s directors will be under the control of legal blue-blood Stephen O’Bryan, SC.
- Michael Pelly
Bergin paused Sydney casino but Finkelstein saves Melbourne
Unlike the stalled Barangaroo venture, Victoria’s commissioner believed Crown’s Melbourne business must stay open due to its economic contribution to the state.
- Lucas Baird
