Crown Casinos has called allegations that it had tampered with poker machines “outrageous and unfounded”.
Independent MP Andrew Wilkie this month tabled in parliament allegations by former Crown employees that machines were tampered with to allow illegal continuous play.
However, Crown’s executive chair, John Alexander, told the company’s AGM the inferences and commentary are deeply offensive.
“I am angered and disappointed by the outrageous and unfounded allegations levelled at us,” he says.
“We also do not improperly manipulate our gaming machines. Any employee found breaching our codes and practices would face severe disciplinary consequences.”
He says Crown has been “unfairly smeared”.
A short time ago, Crown shares were up 1.4% to $11.43.
The AGM marked the return of billionaire James Packer, who has a 48.2% holding in the gaming business, to the board of Crown.
In a trading update today, Crown says main floor gaming between July and October 22 was slightly up on the prior corresponding period. Non-gaming revenue grew by around 6%.
However, VIP program play turnover in Australian was down around 17%.
Crown Melbourne’s VIP program play turnover exceeded expectations.