UPDATE 1-Blackstone-owned Crown Resorts clears CEO of law breach allegations [Yahoo! Finance]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Source: Yahoo! Finance
Feb 9 (Reuters) - Blackstone-owned owned Crown Resorts has cleared CEO Ciaran Carruthers after investigating an allegation that he had overruled the Australian casino operator's security officers over banning intoxicated customers. Crown Resorts had begun an internal probe into Carruthers in December 2023, when it was claimed that he allowed patrons back into the Melbourne casino after they were removed by security. "The recent investigation by independent, external counsel initiated by the Crown Resorts Board is now complete and found that no regulations or laws were breached by the Crown Resorts CEO with respect to the complaint filed," said William McBeath, chairman of the casino owner. The Victorian Gambling and Casino Control Commission (VGCCC), which had also begun its own probe, said it was satisfied with Crown's handling of the complaints and will be closely monitoring the implementations of recommendations. Crown Resorts did not publicly disclose the recommendations.
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