The provisions for all the Crown money laundering and gambling regulation compliance have destroyed their due diligence value according to the AFR article I posted earlier. ANZ Bank used Blackstone to get out of their troubles with Crown.
Still SGR is worth many times its present lowball mark if Blackstone’s due diligence for Crown was anything to go by.
Jon Gray thought SGR was a formidable competitor.
Maybe the ALP have browned Blackstone off the way they have everybody else down in Australia.
Nobody trusts crony capitalism of the likes that ALP promotes.
SGR and Crown would be doing hundreds perhaps thousand times better if crony capitalism did not exist in Australia as said on this thread before with the crony stocks stated.
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