The Star Entertainment Group has proposed a $12 billion merger with Crown Resorts in a deal which would create a gambling and hospitality empire spanning across seven properties in four states. United States investment company Blackstone has also made a bid for the embattled casino operator after regulators suspended Crown's gaming license at its new flagship Sydney casino in February.
“When COVID lifts and travel is back that positions us really well to take full advantage.” Aside from the offer price Mr Bekier said Star’s offer differs from competitors because of synergies but admitted up to 700 middle and senior management jobs would go. “We have synergies. We have estimate that there’s about $150 to $200 million of costs synergies. “We’ve been able to give guarantees to governments as well as the unions that the frontline, the customer serving staff will not be affected.
Could I still launder my money though?
Well, that's JUST what the world needs: Another multinational gambling and hospitality empire concentrating obscene amounts of wealth in the hands of a few already obscenely wealthy, morally vacuous individuals. Good stuff! Honestly, it's amazing humans have lasted this long ...
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The Star unveils Crown merger plans to create $12b gambling giantThe Star Entertainment Group has plans to merge with James Packer&x27;s Crown Resorts to create a massive $12 billion gambling giant. Because that will be good for society
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