Crown Resorts investors have delivered the casino giant a "first strike" in a large protest vote at its annual general meeting.
Three directors have kept their board roles after majority shareholder James Packer used his voting power to ensure their survival.
Chairman Helen Coonan has apologised to investors as the company deals with a backlash against its remuneration report.
Here's my report on the ABC's PM program
Crown Resorts investors have delivered the casino giant a "first strike" in a large protest vote at its annual general meeting.
Three directors have kept their board roles after majority shareholder James Packer used his voting power to ensure their survival.
Chairman Helen Coonan has apologised to investors as the company deals with a backlash against its remuneration report.
Here's my report from The World Today
Casino giant Crown Resorts has terminated a controversial agreement where the billionaire James Packer was given confidential briefings unavailable to other smaller investors.
The move to limit the influence of Crown's biggest shareholder comes as the company faces an investor revolt at today's annual general meeting after admissions that executives may have "enabled" money laundering.
ABC's Peter Ryan says former Crown chairman Robert Rankin faces potential prosecution under the Corporations Act for allegedly failing to tell the Crown board about risks to local China staff who were later arrested.
I also speak with Thomas Oriti on ABC NewsRadio
The stakes are getting higher for the Crown casino group after the financial crime agency AUSTRAC announced an inquiry into the company's adherence to strict laws to prevent money laundering.
As Crown's crisis deepens, the company is bracing for a shareholder backlash at this week's annual general meeting.
Chairman Helen Coonan faces an independent gaming inquiry as she considers "boardroom renewal" with some directors likely to leave.
ABC's Peter Ryan says the investigation will focus on Crown's Melbourne casino and the "management of customers identified as high risk and politically exposed".
I speak with Thomas Oriti on ABC NewsRadio
The casino giant Crown Resorts has confirmed it's being investigated by the financial crime agency for potential breaches of anti-money laundering laws.
The probe comes as Crown is under siege from a New South Wales inquiry into Crown's suitability to operate a casino at Barangaroo in Sydney.
Former AUSTRAC senior executive Gavin Durbin says risks about questionable high rollers have been high in recent years.
Crown Resorts chairman Helen Coonan has signaled a cleanout of the company's troubled board after revelations of lax oversight on money laundering risks and potential exposure to organised crime.
The gaming giant's licence to operate a new casino at Barangaroo in Sydney is now in jeopardy and Crown shareholders are likely to protest the re-election of three directors at this week's annual general meeting.
