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$13.09 crown resorts limited

possibly, but the license will be on-sold, remember Crown also...

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noomxx

7,230 Posts.

1065

27/07/21

21:16

Post #: 54820933
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Originally posted by JCoure: ↑

The Berejiklian Government is burning down and failing to take away the Crown license for Barangaroo in Sydney, NSW is one of the issues in which the Berejiklian Government is burning down.

My bet is that the NSW Government will belatedly decide through its instrumentalities that crown is unfit for a license in NSW. cannot see how the outcome can be any other.

I would extremely doubt Crown will be able to keep its license in Sydney.

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possibly, but the license will be on-sold, remember Crown also has numerous poison pills in its agreement on Crown Sydney.

Crown will NOT go down to zero.

Whatever one wants to say about Packer Junior, he has kept the company relatively debt free (compared to total equity).

So there will be a value assigned to Crown at the end. The key is at what price does it become an intelligent gamble.

Last edited by noomxx: 27/07/21

CWN Price at posting: $8.98 Sentiment: None Disclosure: Not Held
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