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Crown Resorts (ASX: CWN) shares fall despite the appointment of a new board

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NS Crown Resorts Co., Ltd. (ASX: CWN) Despite the latest announcements by casino operators, today’s stock prices are under pressure.

During the afternoon trading, Crown shares fell 0.95% to $ 9.38 per pop.

What will lower the Crown stock?

Investors are selling Crown shares during a wide range of Wednesdays S & P / ASX200 Index (ASX: XJO) Slump. Investor sentiment weakened as the US market fell last night and the Dow Jones fell 1.63% to 34,299 points.

As of this writing, the Benchmark Index has fallen 1.2% to 7,188.1 points.

Appointment of board of directors

According to today’s release, Crown has an award New independent non-executive director On the board. Although the news wasn’t enough to support the fluctuating Crown stock price.

Ms Ward is a board member of an experienced company with expertise in business management, strategy, governance, risk, and finance. She has worked in a variety of areas including financial services, technology, health care, government, education and tourism.

MsWard is currently the chair of the e-commerce group. Redbubble Ltd (ASX: RBL) And communication software providers MNF Group Co., Ltd. (ASX: MNF).. In addition, she works as a councilor at RMIT University.

Previously, Ms Ward worked as a commercial lawyer and in other senior management positions. National Australia Bank Ltd (ASX: NAB) And Minter Ellison.

Interim Chair Jane Halton of Crown commented:

I am happy to welcome Anne as a director. Ann brings a wealth of experience to the Crown Board from her extensive career as a board and executive. Her appointment further strengthens the combination of competence and experience as the board continues to renew.

Ms. Ward is expected to join the Crown Board as soon as she receives all the required regulatory approvals.

Crown stock snapshot

Over the last 12 months, Crown shares have been flat in a series of negative updates.

Recently, the company’s auditor, KPMG, said Identified legal and regulatory issues It may force you to sell your assets. This is because the Royal Commission of Victoria is actively considering whether to revoke its game license in the state.

Of the crown Year-round performance Net loss after tax was $ 261.6 million, a decrease of 429% from FY2008.

The company’s stock has fallen 2.49% year-to-date. Over the last 12 months, they have recorded an increase of up to 5%.

Crown Resorts (ASX: CWN) shares fall despite the appointment of a new board

Source link Crown Resorts (ASX: CWN) shares fall despite the appointment of a new board

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