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Australia’s Crown Resorts appoints new Chairman as Helen Coonan departs

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Outgoing Crown Resorts chair Helen Coonan has been replaced by NBN chair Ziggy Switkowski

Outgoing Crown Resorts chair Helen Coonan has been replaced at the helm of billionaire James Packer’s imperilled casino empire by former Telstra chief executive and respected company director Ziggy Switkowski.

At the age of 73, MrSwitkowski last year was a director of fellow gaming company Tabcorp.

Switkowski’s appointment to Chairman comes amid three separate royal commissions into the Crown Resort company’s affairs, the most recent of which is still unfolding in Perth.

Switkowski is currently the chair of the federal government-owned NBN Co

Mr Switkowski will be chair to Crown’s new chief executive Steve McCann, who is yet to receive probity clearance from Crown’s myriad regulators.

Switkowski as a former Tabcorp director has jumped through probity hoops before in both Victoria and NSW, which should speed up what has been a slow process of approval for other new Crown executives and directors.

The group is expected to reveal its annual results to the market on Monday.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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When London’s Heathrow airport is set to end daily passenger limits

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London’s Heathrow airport is set to end its daily passenger limits on departures

Ending at the end of this month, The Wall Street Journal is reporting that airlines have already been told about the changes.

Of course, this follows a turbulent summer of travel in the northern hemisphere, where staff shortages have plagued the sector.

To deal with the staffing crisis, Heathrow capped the number of passenger departures at 100-thousand a day.

But the cap was extended from July into October in a desperate bid to limit queues and baggage delays.

The sector has been crippled by the pandemic and labor shortages, with many airports and airlines struggling to hire enough staff to deal with the increased demand.

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Hacking saga hits Australia’s biggest telco

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As millions deal with the fallout from the Optus data breach, a third party company has leaked the information of Telstra employees

Up to 30,000 names and email addresses of past and present Telstra staff were uploaded online.

It’s understood it’s the same forum where an Optus breach was shared last week.

While no customer data has be lost, Telstra says it is aware of the breach, which contains employee information from 2017.

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Government-backed crypto could threaten the U.S. economy, report finds

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Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

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