JP Morgan: Crown Resorts unlikely to lose license

Despite an ongoing inquiry, analysts from JP Morgan say it’s unlikely Crown Resorts will lose its New South Wales operational license, but the suspension of operations is possible. The NSW Independent Liquor and Gaming Authority is looking into whether Crown breached its license conditions not to be connected with any companies associated with Stanley Ho. In May 2019, Crown shareholder James Packer agreed to sell an almost 20% stake to Mel...