RAJ REPORT

Packer has no problem in Sydney for Casino approvals , including trusts in the BAHAMAS——-Why the delay for Aquis——Casino documents reveal agreement with James Packer’s private company but details censored—————–An authority spokesman said Crown and CPH had “waived their legal entitlements re commercial in confidence information in relation to this deed and consented to its release”. The spokesman declined to explain how the authority had been able to conduct a thorough probity check on the trusts in the Bahamas.

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The agreement shows that 15 companies and five individuals associated with CPH, including Mr Packer and his sister Gretel, have been approved by the authority as suitable persons to be associated with the casino licence.

They include three secretive entities based in the Bahamas – Consolidated Custodians International, Consolidated Press International and Consolidated Press International Holdings –that are the ultimate owners of CPH.

Initially the authority said it decided to censor all reference to the agreement, including its title and who it was between, because it had deemed that its release would be commercially damaging to Crown.

Last week, after Fairfax Media had raised the issue, the authority said CPH had “noted the impact on certainty about the quality of the licence awarding process that has emerged since the initial release of Crown Sydney related agreements”.

Read more: http://www.smh.com.au/nsw/casino-documents-reveal-agreement-with-james-packers-private-company-but-details-censored-20140915-10gzj0.html#ixzz3GSBjcxgs

 

 

 

Casino documents reveal agreement with James Packer’s private company but details censored.

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