Can The Star help Packer’s Crown Resorts out of its regulatory woes?
The Morning Edition
English - May 10, 2021 02:55 - 9 minutes - 8.93 MB - ★★★★ - 14 ratingsBusiness News News Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Star Entertainment group has proposed a $12 billion merger with James Packer’s Crown Resorts. Star thinks its track record of operating casinos in Sydney, Brisbane and The Gold Coast puts it in a great position to help Crown out of its regulatory woes.
In February, Crown was found unfit to operate its new casino at Sydney’s Barangaroo after evidence of money-laundering in its casinos and other probity failures emerged in the long-running Bergin inquiry.
Today on Please Explain, Tory Maguire speaks with business columnist Elizabeth Knight about what a Star-Crown merger could mean for James Packer’s beleaguered casino group.
Subscribe to The Age & SMH: https://subscribe.smh.com.au/
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The Star Entertainment group has proposed a $12 billion merger with James Packer’s Crown Resorts. Star thinks its track record of operating casinos in Sydney, Brisbane and The Gold Coast puts it in a great position to help Crown out of its regulatory woes.
In February, Crown was found unfit to operate its new casino at Sydney’s Barangaroo after evidence of money-laundering in its casinos and other probity failures emerged in the long-running Bergin inquiry.
Today on Please Explain, Tory Maguire speaks with business columnist Elizabeth Knight about what a Star-Crown merger could mean for James Packer’s beleaguered casino group.
Subscribe to The Age & SMH: https://subscribe.smh.com.au/
See omnystudio.com/listener for privacy information.