The future of James Packer's gaming empire is in real jeopardy this morning after a New South Wales inquiry found Crown Resorts is not suitable to operate a new casino in Sydney.
This morning, two Crown directors have resigned in the wake of the report - Michael Johnston and Guy Jalland who are both close to Mr Packer.
The findings are highly damaging for Mr Packer and members of Crown's board after evidence the company turned a blind eye to money laundering and fostered questionable links to shady junket operators.
ABC's Peter Ryan speaks with Packer biographer Damon Kitney who says Mr Packer may be forced to sell down his 37 percent stake to save the Sydney licence but also Crown's cash cows in Melbourne and Perth.
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