Can The Star help Packer’s Crown Resorts out of its regulatory woes?
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 a SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.
