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http://senjuartpath.com/ � I n A u s t r a l i a a n d a n o f f i c i a l i n q u i r y i n t o t h e c a s i n o l i c e n s e s u i t a b i l i t y o f C r o w n R e s o r t s L i m i t e d h a s r e p o r t e d l y b e e n t o l d h o w t h e f i r m ' s l a r g e s t s h a r e h o l d e r w a s s e e m i n g l y u n c o n c e r n e d a b o u t a l l e g a t i o n s a p o t e n t i a l i n v e s t o r m a y h a v e h e l d b u s i n e s s l i n k s w i t h f o r m e r M a c a u c a s i n o m a g n a t e S t a n l e y H o H u n g S u n .
A c c o r d i n g t o a M o n d a y r e p o r t f r o m T h e G u a r d i a n n e w s p a p e r , b i l l i o n a i r e b u s i n e s s m a n J a m e s P a c k e r ( p i c t u r e d ) h o l d s a 4 6 % s t a k e i n t h e o p e r a t o r b e h i n d t h e C r o w n M e l b o u r n e a n d C r o w n P e r t h p r o p e r t i e s v i a h i s C o n s o l i d a t e d P r e s s H o l d i n g s P r o p r i e t a r y L i m i t e d v e h i c l e a n d l a s t y e a r o k a y e d a d e a l t h a t w a s t o h a v e s e e n H o n g K o n g - h e a d q u a r t e r e d M e l c o R e s o r t s a n d E n t e r t a i n m e n t L i m i t e d a c q u i r e a 1 9 . 9 % s h a r e o f t h i s i n t e r e s t f o r a p p r o x i m a t e l y $ 1 . 2 b i l l i o n .
S p e c i a l s c r u t i n y :
H o w e v e r , t h e p r o s p e c t t h a t t h i s s i n c e - c a n c e l l e d a r r a n g e m e n t c o u l d b e c o m p l e t e d r e p o r t e d l y p r o m p t e d t h e g a m i n g r e g u l a t o r f o r N e w S o u t h W a l e s t o l a u n c h a n o f f i c i a l i n v e s t i g a t i o n i n t o w h e t h e r s u c h a m o v e w o u l d v i o l a t e C r o w n R e s o r t s L i m i t e d ' s l i c e n s i n g c o n d i t i o n s f o r i t s u n d e r - c o n s t r u c t i o n C r o w n S y d n e y d e v e l o p m e n t . T h e N e w S o u t h W a l e s I n d e p e n d e n t L i q u o r a n d G a m i n g A u t h o r i t y w a s p u r p o r t e d l y c o n c e r n e d b y t h e f a c t t h a t H o w a s s u s p e c t e d o f h a v i n g l i n k s t o o r g a n i z e d c r i m e g r o u p s a n d h a d h e l d a n u n s p e c i f i e d s t a k e i n M e l c o R e s o r t s a n d E n t e r t a i n m e n t L i m i t e d v i a h i s G r e a t R e s p e c t L i m i t e d e n t e r p r i s e .
C r i m i n a l c o r r e l a t i o n :
T h e G u a r d i a n r e p o r t e d t h a t G r e a t R e s p e c t L i m i t e d i s o n a l i s t o f f i r m s t h a t a r e b a n n e d f r o m i n v e s t i n g i n N e w S o u t h W a l e s c a s i n o s d u e t o a l l e g a t i o n s t h a t H o , w h o p a s s e d a w a y i n M a y a t t h e a g e o f 9 8 , a l o n g s i d e o t h e r a s s o c i a t e d i n d i v i d u a l s p o s s i b l y h a d l o n g - s t a n d i n g l i n k s t o t r i a d o r g a n i z a t i o n s i n M a c a u . M e l c o R e s o r t s a n d E n t e r t a i n m e n t L i m i t e d i s m o r e o v e r p u r p o r t e d l y c o n t r o l l e d b y H o ' s s o n , 4 4 - y e a r - o l d H o n g K o n g e n t r e p r e n e u r L a w r e n c e H o Y a u L u n g , a l t h o u g h t h e n e w s p a p e r w a s a t p a i n s t o m a k e c l e a r t h a t t h e r e i s n o s u g g e s t i o n t h i s l a t t e r f i g u r e h a s a n y s u c h d u b i o u s c o n n e c t i o n s .
A p a t h e t i c a t t i t u d e :
I n g i v i n g e v i d e n c e t o t h e N e w S o u t h W a l e s I n d e p e n d e n t L i q u o r a n d G a m i n g A u t h o r i t y o n M o n d a y , t h e F i n a n c e D i r e c t o r f o r C o n s o l i d a t e d P r e s s H o l d i n g s P r o p r i e t a r y L i m i t e d , M i c h a e l J o h n s t o n , r e p o r t e d l y d e t a i l e d t h a t h e h a d f l o w n t o L o s A n g e l e s i n M a y o f l a s t y e a r s o a s t o d i s c u s s t h e p r o p o s e d t r a n s a c t i o n w i t h 5 3 - y e a r - o l d P a c k e r . T h e e x e c u t i v e p u r p o r t e d l y e x p l a i n e d t h a t h e h a d e x p r e s s e d h i s u n e a s i n e s s a b o u t t h e s u g g e s t e d d e a l t o h i s b o s s b u t l a t e r r e c e i v e d a t e x t m e s s a g e t h a t r e a d M i k e , i t ' s m y l i f e a n d I ' m g o i n g t o o v e r r u l e y o u . '
M a n a g e m e n t m a l a i s e :
J o h n s t o n , w h o a d d i t i o n a l l y s e r v e s a s a d i r e c t o r f o r C r o w n R e s o r t s L i m i t e d , r e p o r t e d l y s t a t e d t h a t h e h a d s u b s e q u e n t l y t e l e p h o n e d t h e M e l b o u r n e - b a s e d c a s i n o f i r m ' s t h e n - E x e c u t i v e C h a i r m a n , J o h n A l e x a n d e r , t o i n f o r m h i m o f t h e d e c i s i o n t o p r o c e e d w i t h t h e a r r a n g e m e n t . H e p u r p o r t e d l y t o l d t h e i n q u i r y t h a t A l e x a n d e r d i d n ' t s o u n d h a p p y w i t h t h e n e w s ' d e s p i t e t h e p r o s p e c t t h a t h e w o u l d h a v e b e n e f i t e d q u i t e h a n d s o m e l y u n d e r h i s e x e c u t i v e r e m u n e r a t i o n p l a n s . '
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