The casino group Crown Resorts has told the stock exchange it has no extra information to explain a 7.7% drop in its share price on Monday and Tuesday that was sparked by allegations of criminal links made by Nine and in parliament by the independent MP Andrew Wilkie.
On Tuesday the ASX asked Crown to respond to articles in Nine newspapers and on its flagship TV current affairs show 60 Minutes, and to tell the market if its earnings would be affected.
Crown shares slumped from a closing price of $12.67 on Friday afternoon to a low of $11.69 on Tuesday as Wilkie used parliamentary privilege to detail new allegations of drug use, violence against women, and failure by home affairs officials to check at the border casino high-rollers who fly in by private plane.
CommSec data shows the share price was set to fall again, by 1.9%, according to orders queued before the market opened on Wednesday.
In a response sent on Wednesday morning before the market opened, Crown’s general counsel, Mary Manos, said the company was “not aware of any information concerning it that has not been announced to the ASX” which could explain the fall.
Manos said it had “taken into account the matters raised in media reports over recent days which make various allegations regarding CWN’s business dealings and also that the federal government has referred certain aspects of the allegations to the Australian Commission for Law Enforcement Integrity”.
She said Crown had also taken into its knowledge of its earnings for the financial year ending 30 June but “has not yet finalised its full year results”.
