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Crown royal commission: Crown names Lendlease chief Steve Mcann CEO as bidding war flares


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A battle has broken out for Crown Resorts after Star Entertainment Group lobbed a highly conditional plan to create a $12 billion merged gambling giant and Blackstone upped its bid for the embattled group, which has appointed Steve McCann as chief executive officer.
The Star, which owns casinos in Sydney and Queensland, has lobbed a nil premium merger proposal with a string of conditions that would create a combined group valued at $12 billion. The new offer would see Crown shareholders receive Star shares and/or cash for their stock.
New Crown boss Steve McCann has been boss of Lendlease for years.  ....

New South Wales , Gold Coast , Abn Amro , Bankers Trust , James Packer Consolidated Press Holdings , Scrip Consideration , James Packer , Consolidated Press Holdings , Oaktree Capital , Consolidated Press Holding , Western Australia , புதியது தெற்கு வேல்ஸ் , தங்கம் கடற்கரை , அபின் அம்ரோ , வங்கியாளர்கள் நம்பிக்கை , ஜேம்ஸ் ப்யாகர் தொகுக்கப்பட்டு ப்ரெஸ் ஹோல்டிங்ஸ் , ஜேம்ஸ் ப்யாகர் , தொகுக்கப்பட்டு ப்ரெஸ் ஹோல்டிங்ஸ் , ஓக் மரம் மூலதனம் , தொகுக்கப்பட்டு ப்ரெஸ் வைத்திருத்தல் , மேற்கு ஆஸ்திரேலியா ,

ASX to dipr; Crown confirms $12b merger offer from Star


ASX hits new record high; BHP, Rio, Fortescue soar
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ASX could hit 7500 in coming weeks
William McInnes
The momentum in the Australian sharemarket is set to continue, with some investment experts tipping the S&P/ASX 200 Index could clear 7500 in the coming weeks, driven by the banks and iron ore miners.
The benchmark index closed at its highest level on record on Monday driven by a surge in the major iron ore miners amid soaring commodity prices.
“The ASX/S&P 200 is set to surpass 7,200, likely hitting 7,500 in coming weeks, and could even go to 8,000, as iron ore hits record highs, taking BHP Billiton and Rio Tinto with it, and the CBA likely striking a record $100,” said Russel Chesler, head of investments and capital markets at VanEck Australia ....

New York , United States , New South Wales , New Crown , Northern Territory , Gold Coast , Helen Coonan , Steve Mccann , Sarah Turner , Peter Nathan , William Mcinnes , Timothy Moore , Asia Pacific , James Packer Crown , Louie Douvis , Siegel Walmsley , King Wood Mallesons , Star Entertainment Group , Credit Suisse , Bankers Trust , Pendal Group , Abn Amro , Blackstone Group , James Packer Consolidated Press Holdings , City Entertainment , James Packer ,

Packer barred from Crown board


Packer barred from Crown board
The NSW gaming regulator has reached an agreement with James Packer preventing him from seeking representation on the board of Crown Resorts.
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by Lachlan Moffet Gray
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The NSW gambling regulator has reached an agreement with James Packer that formally bans him sitting on the board of or interfering with casino operator Crown Resorts, in which he owns a 37 per cent stake.
In a statement the NSW independent Liquor and Gaming Authority said it had reached an agreement with Mr Packer s holding company, Consolidated Press Holdings (CPH), to limit the extent it is able to influence Crown. ....

New South Wales , Michael Johnston , Patricia Bergin , John Poynton , James Packer , Gaming Authority , James Packer Consolidated Press Holdings , Us Private Equity Group Blackstone , Crown Resorts , Consolidated Press Holdings , Guy Jalland , James Packer , புதியது தெற்கு வேல்ஸ் , மைக்கேல் ஜான்ஸ்டன் , பாட்ரிசியா பெர்கின் , ஜேம்ஸ் ப்யாகர் , கேமிங் அதிகாரம் , ஜேம்ஸ் ப்யாகர் தொகுக்கப்பட்டு ப்ரெஸ் ஹோல்டிங்ஸ் , கிரீடம் ரிசார்ட்ஸ் , தொகுக்கப்பட்டு ப்ரெஸ் ஹோல்டிங்ஸ் ,