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Casino Ex Boss to Sue for $1 Million Plus

Written by:
Greg Tingle
Published on:
Nov/06/2010

 

G'day punters, casino and media millionaires and billionaires, poker high rollers, politicians and one and all.  You've waited patiently for some serious and colourful news relating to Crown Casino for months now, and finally, here it is in all is non spin glory. Media Man http://www.mediamanint.com and Gambling911 deliver Crown Casino hardcore news...

As Crown Casino they don't like to discuss sackings, which is fair enough.  We like to focus on positive, not negative, when possible, but folks, this is big news.

The sacked Crown Casino chief executive officer David Courtney is now suing his former employer for refusing to honour provisions in his fat $1.25 million contract.

Courtney's position was terminated last month, following a company "restructure" that the James 'Casino King' Packer casino claimed was part of Crown's continuing strategy to reduce overheads. Some saw it as "trimming the fat", and "culling fat cats", but no one will go on record with those descriptions. Funny that.

Documents filed in Victoria's Supreme Court just this week demonstrate that while the company was within its rights to terminate his 5-year contract on a year's written notice, if it did so Courtney could receive his remaining pay over 24 months or less, much like a monthly salary. You know, horses for courses, but its hard to keep all of the people happy, all of the time.

The fascinating legal writ claims the company is now refusing to honour this clause, which he argues is a breach of the employment agreement he signed back in 2007.

The contract includes cash salary, superannuation contributions, cars and other goodies and benefits. The writ states Courtney is suing for damages, interest, costs and "such further or other relief as the court considers just".

Media Man, Gambling911 and much of the media and gaming community is hopeful that the differences can be settled amicably.

Wrap Up...

Readers... er, punters, how did you like our hard core Crown Casino report? Tell us in the forum. If you have a bet, please bet with your head, not over it, and for God's sake, have fun.

*Greg Tingle is a special contributor for Gambling911

*Media Man http://www.mediamanint.com is primarily a media, publicity and internet portal development company. They cover a dozen industry sectors including gaming and offer political commentary and analysis.

 

*The writer owns shares in Crown Limited

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