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John Poynton resigns as Director of Crown Perth

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Crown Resorts’ Perth-based director John Poynton has resigned as a director of Crown and Chairman and director of Burswood Limited.

Four directors, including CEO Ken Barton, have resigned since an inquiry in NSW found Crown was unsuitable to operate Sydney’s Barangaroo casino.

Crown’s Executive Chairman Helen Coonan said Mr Poynton agreed t step down after a recommendation form the Independent Liquor and Gaming Authority.

“The Independent Liquor and Gaming Authority (ILGA) has advised Crown that it considers it appropriate that John step down as a director of all companies within the Crown group, due to a perceived lack of independence arising out of his past relationship with Mr James Packer and CPH, notwithstanding the recent termination of John’s consultancy arrangement with CPH,” Ms Coonan said.

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“As a result, John has agreed to resign in the best interests of Crown and our shareholders, despite no adverse findings by the Commissioner in the ILGA Inquiry in relation to his suitability, integrity or performance.

“On behalf of the Board, I thank John for his contribution to Crown over many years.”

Mr Poynton’s resignation comes after pressure had been mounting for him to resign in the wake of the bombshell NSW report found Crown had “facilitated” money laundering at its Perth and Melbourne casinos.

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