Connect with us

National

Crown’s game of ownership a little too rich for Star – Sydney Morning Herald

Blackstone’s offer is unlikely to get Crown board’s blessing, leaving it and major shareholder James Packer scouring the market for other contenders if it wants…

Published

on

Article feature image

And given the comments made by the NSW regulator, there is an expectation that Crowns Sydney casino will also be given the green light to open some time this year following completion of the companys rehabilitation process.
Thus if Blackstone is proposing a risk-free offer, the Crown board will want it to reflect a risk-free price – one that reflects Crowns earnings before COVID and before the NSW commission of inquiry disgorged a litany of its conduct shortcomings, including probable money laundering…

Click here to view the original article.