Star throws down chips for Crown merger
Monday, 10 May, 2021 - 08:00
Crown Resorts has received a takeover bid from the operator of Sydney's Star Casino while announcing the appointment of chief executive and managing director, Steve McCann.
The Star Entertainment Group Limited (SGR, formerly Echo Entertainment Group Limited) is into management of integrated resorts with gaming, entertainment and hospitality services.
The group also manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government and invests in number of strategic joint ventures.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1636th | Bastion Minerals | -62.48% | 0% |
1637th | Mesa Minerals | -62.48% | -40.45% |
1638th | The Star Entertainment Group | -62.83% | -45.18% |
1639th | Surefire Resources | -63.16% | 3.13% |
1640th | icetana | -63.17% | 0% |
NEW ROLE: Jeannie Mok, | 02 Dec 2024 | |
NEW ROLE: Jessica Mellor, | 02 Dec 2024 | |
NEW ROLE: Scott Saunders, | 02 Dec 2024 | |
NEW ROLE: Daniel Finch, | 02 Dec 2024 | |
NEW ROLE: Janelle Campbell, | 02 Dec 2024 | |
NEW ROLE: Steve McCann, Chief Executive Officer, Managing Director | 08 Aug 2024 | |
NEW ROLE: Toni Thornton, Non-Executive Director | 08 Aug 2024 | |
NEW ROLE: Deborah Page, Non-Executive Director | 08 Aug 2024 | |
NEW ROLE: Peter Hodgson, Non-Executive Director | 08 Aug 2024 |
Crown Resorts has received a takeover bid from the operator of Sydney's Star Casino while announcing the appointment of chief executive and managing director, Steve McCann.
Gaming is likely to go ahead at Crown Sydney within months as the company undergoes a major transformation, a NSW regulator says.
A merger proposal for Crown Resorts has been withdrawn after a royal commission raised the prospect the gaming group could lose the licence for its Melbourne casino.
Shares in Star Entertainment Group fell sharply today following allegations its casinos were used to supprt money laundering as the New South Wales gaming regulator continues its assessment of both Star and competitor Crown Resorts.
Crown Resorts leaders are not pinning their hopes on a Blackstone takeover and have spruiked the potential of the Sydney casino to encourage higher offers.
Australia’s corporate regulator has launched legal proceedings against 11 directors and officers of The Star Entertainment Group and again defended not taking similar action against Crown Resorts.
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