Monday, March 1, 2021

Crown director John Poynton quits as casino board cleanout continues

Crown Resorts has announced that another key director has quit the board of the embattled casino group. 

WA-based John Poynton has resigned from Crown's board and as chairman of the company's Burswood casino in Perth. 

Crown executive chairman Helen Coonan says the decision is "appropriate" after concerns by the New South Wales gaming regulator about Mr Poynton's  perceived lack of independence from a past relationship with majority shareholder James Packer.

Here's my report from The World Today




Monday Finance with Peter Ryan: Australian economy set to continue cautious recovery from pandemic crisis

This time last year, Australians were staring down the beginning of the biggest economic shock since the Great Depression brought on by the coronavirus pandemic.

But with vaccines being rolled out and border restrictions easing, Australia's economy is continuing to slowly recover - despite last year's damaging lockdown in Victoria.

This week we'll get the latest snapshot on the cautious economic bounceback and whether the end of Jobkeeper will unravel that optimism.

Here's my regular Monday segment with Fran Kelly on ABC RN Breakfast