Business
As inquiry nears close, Crown has a corporate stalker – Sydney Morning Herald
Crown’s 10 per cent shareholder Blackstone appears to be positioning itself to have an option to take a controlling interest in the casino group.
If its application to increase its stake in Crown is part of a larger play, it is plausible it could also pursue fellow casino operator The Star down the track in order to bulk up the real estate trust. Such an outcome would lead to a massive consolidation of casinos in Australia.
Andrew Demetriou was pulled up for bringing his own notes to the Crown Inquiry.Credit:Getty Images
Its early days yet but it’s fair to assume that the positioning has begun.
And it’s also worth noting that investing…
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