Blackstone, page-3

Yes, SGR floundering with more than a capitulating sp, in particular longer-term viability even assuming all these cr's and increasing debt will suffice. Several years ago, would have agreed re Regulator concerns as to foreign takeover of SGR, eg Blackstone for the former CWN. However, post all these Inquiries and reforms (eg compliance, responsible gambling, although antithetical to some), there may be an acceptance as to a higher form of responsible and competent management for stability and confidence, vis-a-vis the current model of public equity ownership and those thoroughly inept Boards. Blackstone has been mostly positive for CWN, especially in Victoria, and while working through with the Regulator on compliance measures (unlike SGR). The Sydney venue is the prime Casino venue and is not even considered for sale to pay off exploding debt such as SGR.