Business
James Packer’s status as an Australian gaming baron is hanging by a thread – Sydney Morning Herald
It will be a sleepless night for current and past directors and senior executives of Crown Resorts.
Would-be corporate predators will not have been sitting idle for the past few months. They will be ready they will have done the numbers, worked up revival strategies and assessed the ongoing revenue potential of the business.
Crowns 10 per cent shareholder Blackstone last year applied to the regulator to increase its stake. Meanwhile, shareholders in The Star have been pushing for the company to review the possibility of a merger between the two casino groups.
There is a possibility Bergins report…
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