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Former Melbourne-based Bupa Australia employee, Geoffrey Lay, has admitted to defrauding his former employer of almost AU$120 000 in an attempt to fund his gambling habit. Lay pled guilty to multiple counts of obtaining financial advantage by deception over a three-month period in 2016 and was handed a six-month sentence for his actions.
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The company has also indicated that it will be investing millions of dollars in developing new convention facilities and will also upgrade rooms in several hotel properties.
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SkyCity’s former CEO Nigel Morrison, who resigned in April last year, topped the Business Herald’s annual CEO pay survey for 2016, published this week, thanks to a hefty golden handshake that made him New Zealand’s best-paid exec. …
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According to Chinese reports, investigators have found that many officials in government are taking bribes from gamblers to let them win at Mah-Jong games in return for favours. Figures of 100,000 Yuan (AUD18,570) per session have been talked about.
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For those with short memories, Packer and his long-time friend, Channel Nine CEO, David Gyngell, became embroiled in a physical altercation back in May, 2014.
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