Crown Resort’s owner Blackstone declares: “We’re in it for the long haul”
Mr Gray wouldn’t be drawn on whether Blackstone would bid for Star Entertainment’s license in Sydney if it was available given the NSW’s regulator’s increasingly damning assessment of the rival operator.
Star is facing an intense regulatory probe and in March saw the exit of its chief executive, while chairman David Foster stepped down from the board this month.
Star has a full license which allows for poker machines, while Crown’s license restricts it to table play.
“Our focus continues to be on Crown,” the Blackstone boss said.
Ann: Appointment of new Chairman, page-41
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