Crown in $261m loss on COVID closures; casino licences remain in jeopardy as Royal Commissions prepare recommendations

Pandemic restrictions and a jump in restructuring and regulatory costs have dragged Crown Resorts to a full year loss of $261.60 million. 

Crown is facing two royal commissions in Victoria and Western Australia as well as the fallout of NSW's Bergin inquiry after the group was found to be facilitating money laundering at its Melbourne casino. 

The James Packer-backed group has announced Dr Ziggy Switkowski as the new chairman after Helen Coonan stepped down from the role. 

Here's my report from The World Today