Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

No Surprise As Perth Royal Commission Finds Crown Resorts Unsuitable for WA Licence

Crown Resorts: Scheme Booklet Lodged. Shareholder Meeting On 29 April

Crown Resorts: Regulatory Approvals Falling Into Place

Crown Resorts: Blackstone Really, Really Wants This

Quiddity Advisors

Event-Driven

<ul>
<li>AUSTRAC has commenced civil penalty proceedings against <a href="https://www.smartkarma.com/entities/crown-resorts-ltd" target="_blank" data-smartkarma-citation="entities:808:1" rel="noopener"><strong>Crown Resorts (CWN AU)</strong></a> for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing laws.</li>
<li>The statement of claim does not include any quantification of the penalty sought. For Blackstone to walk away from the Crown deal, the fine needs to be at least $750mn.</li>
<li>A prescribed occurrence <em>appears</em> to have been triggered. But technically, that is not accurate.</li>
</ul>


AUSTRAC has commenced civil penalty proceedings against Crown Resorts (CWN AU) for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing laws.
The statement of claim does not include any quantification of the penalty sought. For Blackstone to walk away from the Crown deal, the fine needs to be at least $750mn.
A prescribed occurrence appears to have been triggered. But technically, that is not accurate.


Crown Resorts: AUSTRAC And Prescribed Occurrences