Business
Running the numbers: Casinos could shine with a Star in the Crown – Sydney Morning Herald
When the NSW gaming regulator set up a commission of inquiry into Crown, the prospect of any meaningful repercussions for the casino operator appeared remote. Then…
Today, Packer’s future ownership of a controlling stake in Crown is under a cloud and the casino group’s share price sits around $9.50.
The conditions are now more ripe for the consideration of a merger. The Star has given no indication that it is running the numbers and, if it is, would need to wait to see what the Crown inquiry yields when a report containing recommendations is handed down by Commissioner Patricia Bergin in February.
It explains why two high-profile casino analysts have this week…
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