Crown CEO Rowen Craigie to Step Down Effective Feb. 28

The transcript discusses leadership changes at Crown, with John Alexander taking on dual roles as executive Chairman and CEO, which was unexpected. The arrest of 18 senior executives in China has significantly impacted Crown's VIP High Roller revenues, nearly halving them. Despite this, there is no update on the detained staff. Crown has decided to shelve its hotel listing plan, opting to keep assets in-house and use funds from Melco to reward investors with a special dividend, resulting in a positive market response.

What strategy does Alexander intend to maintain regarding the China market?

How has Crown's decision to keep assets in-house affected its investors?