Crown and Star tie up would be strategically sound: Citi

Date

July 14, 2017

Author

none

Source

Asia Gaming Brief

Region


Subject

Australia

URL

http://agbrief.com/news/crown-and-star-tie-would-be-strategically-sound-citi

A merger between Australian casino operators Crown Resorts and Star Entertainment Group could deliver up to A$100 million (US$77.4 million) in cost synergies, according to Citi analysts… “merely speculation”, he believed a merger would bring enhanced operational scale and market share, cost synergy realization and improved growth outlook for Crown.