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28.5¢ the star entertainment group limited

Is STAR too big to fail?, page-62

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GeorgeGn

211 Posts.

41

09/05/24

21:57

Post #: 73752087
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Originally posted by HHH233: ↑

How would Blackstone negotiate the Monopoly Casino Ownership Laws in the country.? and where does it stop after Star/Crown? - , owning the two biggest Casino groups in Australia as they retrench 1000 Crown employees. recently.?
Mr Grey declares that "Blackstone is in for the long game". - until it's not - IMO ( break up the assets as we approach 2032 Olympics etc for example )- Going long contradicts their business model and their past . Bain a Co made $700 million from the Virgin TO for 14 months work according to Chancellor/ Podcast recently. Sold the Fleet and lease them back to new entity.Real nation building stuff.
The NICC can either turn things on their head or instruct Anne Ward to work more closely with Weekes moving forward - a longer time frame to iron out the logistics of implementing the Credit Checks and approve the new appointed Star CEO.in the next month as Queens Wharf is about to open..A cranky text .personalities clashes and poor implementation of regulations ,it didn't seem to affect the Star short term financial position as the recent 60c CR suggests and I feel Cooke has been unfairly treated.IMHO

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Cooke may have been unfairly treated but that doesn't change the fact he was a useless CEO always has been always will be.

SGR Price at posting: 44.5¢ Sentiment: Hold Disclosure: Held
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