Maybe this setback in Vegas is a blessing in disguise. Packer may be compelled to inject the money into growing Macau(where casino licences are almost impossible to get) where they already have a toe hold, buy a greater share of Melco PBL, or acquire some of Tabcorp's assets i.e Star Casino, which is a first class venue.
Whatever happens, Crown has it's tenticles in the right places and will deliver the goods much more than Channel Nine ever did.
CWN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held