• About
  • Contact Us
Sunday, August 14, 2022
Crypto Currency Financial
  • Home
  • Crypto News
  • Press Release
  • Blockchain
  • Cryptocurrency
  • NFT
  • Contact Us
No Result
View All Result
Crypto Currency Financial
No Result
View All Result

Star Entertainment withdraws Crown Resorts offer after Victoria hearings

Max Steven by Max Steven
July 23, 2021
in Uncategorized
396 4
0
Star Entertainment withdraws Crown Resorts offer after Victoria hearings
550
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter


The Star Entertainment Group has withdrawn its conditional proposal to merge with Crown Resorts.

The proposal was initially announced on 10 May 2021 and was based on the benefits for shareholders of both companies, including estimated cost synergies of between $150m to $200m per year.

“To date, The Star has had limited engagement with Crown on its proposal,” the operator said in a statement. “Issues raised at Victoria’s Royal Commission into Crown Melbourne have the potential to materially impact the value of Crown, including whether it retains the licence to operate its Melbourne casino, or the conditions under which its licence is retained.”

The Star added that it still sees potential in a merger; however, due to the uncertainty of Crown’s fate regarding the verdict of the royal commission, the company cannot continue with the same proposal that was introduced in May.

The Star remains open to more opportunities with Crown, though will monitor ongoing inquiries and await results that should be released by the end of the year.

Instead, the Star aims to focus inwards, looking into “its growth initiatives, including its world-class multi-billion dollar Queen’s Wharf Brisbane integrated resort (due to open in late 2022) and its Gold Coast masterplan.”

The investigation into Crown was launched after allegations of money laundering in one of the company’s casinos.

The Bergin Inquiry revealed cases of mismanagement and neglect when it came to supervising the casino’s financials, with other subsequent inquiries launched into other properties such as Crown’s Perth casino.

Tags: CrownEntertainmenthearingsofferResortsStarVictoriawithdraws
Max Steven

Max Steven

Max has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system.

Related Posts

BIB Meta and the Confidence of Web3 Innovation

BIB Meta and the Confidence of Web3 Innovation

August 13, 2022
WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?

WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?

August 6, 2022
Pando Asset Lists First Crypto ETP on SIX Swiss Exchange

Pando Asset Lists First Crypto ETP on SIX Swiss Exchange

August 3, 2022
BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities

BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities

July 29, 2022
New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets

New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets

July 22, 2022
FAMEEX Promises Considerate Approaches to Purse Regulatory Compliance and Protect the Interests of Traders

FAMEEX Promises Considerate Approaches to Purse Regulatory Compliance and Protect the Interests of Traders

July 20, 2022

Trending

BIB Meta and the Confidence of Web3 Innovation
Press Release

BIB Meta and the Confidence of Web3 Innovation

1 day ago
WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?
Press Release

WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?

1 week ago
Pando Asset Lists First Crypto ETP on SIX Swiss Exchange
Press Release

Pando Asset Lists First Crypto ETP on SIX Swiss Exchange

2 weeks ago
BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities
Press Release

BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities

2 weeks ago
New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets
Press Release

New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets

3 weeks ago

About

The cryptocurrencyfinancial publishes regular news, analysis and opinion pieces on the latest developments in this fast-moving space. We offer the latest crypto news, expert pricing analysis and insight on the latest ICO's.

Contact Us: [email protected]

Categories

  • AI Trading
  • Axia
  • Bitcoin
  • Blockchain
  • Blockchain News
  • Business
  • Crypto
  • Crypto News
  • Cryptocurrency
  • Cryptonews
  • Cryptos
  • Deepcoin
  • Gaming
  • Guest Post
  • ICO
  • Metaverse
  • News
  • NFT
  • Press Release
  • Technology
  • Tezro
  • Token
  • Trading
  • TRADING GUIDES
  • Wallets

Tags

2020 Announces Betting Bitcoin blockchain Brides cannabis Casino Casinos Colorado Content coronavirus Covid19 crypto Cryptocurrency Currency Deal financial foreign Gambling Games Gaming Group Launch Launches live marijuana market Online Partners Partnership Play pot Pragmatic Red reports revenue Simple Slot Slots Solutions Sports Supply unveils William
  • BIB Meta and the Confidence of Web3 Innovation
  • WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?
  • Pando Asset Lists First Crypto ETP on SIX Swiss Exchange
  • BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities
  • New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets
  • About
  • Contact Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $47,760.000.100% 24H
    BITCOIN
    24H : 0.100%
    Volume : $25,691,746,641.00
    Marketcap : $902,767,395,534.00
  • ethereumEthereum(ETH)
    $3,750.30-0.42% 24H
    ETHEREUM
    24H : -0.42%
    Volume : $15,543,537,817.00
    Marketcap : $446,191,570,291.00
  • binancecoinBinance Coin(BNB)
    $523.71-0.25% 24H
    BINANCE COIN
    24H : -0.25%
    Volume : $1,715,282,504.00
    Marketcap : $88,112,540,019.00
  • tetherTether(USDT)
    $1.0000.050% 24H
    TETHER
    24H : 0.050%
    Volume : $52,703,800,023.00
    Marketcap : $78,519,198,598.00
  • solanaSolana(SOL)
    $175.020.210% 24H
    SOLANA
    24H : 0.210%
    Volume : $1,660,210,957.00
    Marketcap : $54,115,741,275.00