It has been a tumultuous time for the gambling industry in New South Wales already, but for casino operators it could get even worse with the State Government proposing major changes to casino tax rates. Aiming to take another shot at Australia’s second largest casino operator, Star Entertainment Group (ASX: SGR) has been the target
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US private equity firm Blackstone Inc. has won the bidding war to acquire Crown Resorts (ASX: CWN) in a massive $8.9 billion takeover offer. Through this agreement, Blackstone will purchase all shares in Crown for a price of $12.50 per share through a Scheme of Arrangement. This offer is higher than the previous bid submitted
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If a global pandemic resulting in ongoing lockdowns, a regulatory investigation and corporate activity rejection were not enough to upset those at The Star Entertainment Group (ASX: SGR), they can add $13 million in historical staff underpayment to their list of operational issues. Fortunately for the casino operator, the wage underpayments were uncovered internally and
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