SGR 2.61% 56.0¢ the star entertainment group limited

Ann: Appointment of Chief Executive Officer & Managing Director, page-83

  1. 2,093 Posts.
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    SMH article:
    https://hotcopper.com.au/data/attachments/6297/6297594-df3d18e87665525c378bfdca1f5b22c3.jpg
    Star new CEO announcement:
    https://hotcopper.com.au/data/attachments/6297/6297601-b9f63fbb2475468c0d930f708a1d0844.jpg


    I don't know about others but I can't unsee glaring parallels. Similar $5 mil. performance rights, existing takeover interest from 2 parties (Blackstone, HRH), Star is now the new regulatory basket case and also the new ultimate corporate fixer-upper.

    It is also being speculated that Blackstone is inclined to separate property business from management (incl. Casino) business. With QWB opening soon, I don't see a better candidate for the property and casino business-level split-up.

    A year from now, and SMH will just have to replace 'Crown' with 'Star' Lol

 
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