The fight for the crown jewel of the Australian gambling scene is heating up. Even more could jump into the fray.
A bidding war for Crown Resorts CWN -0.57% has been brewing Down Under ever since an inquiry report, released by regulators in February, alleged that the casino operator has links with money laundering and people tied to organized crime. The watchdog later said Crown isnt fit to hold the gambling license necessary to open its new Sydney casino, housed in a skyscraper overlooking the citys harbor. The market has expected billionaire James Packer, who was criticized in the report, to eventually sell down his 37% stake in Crown, owned through his private firm Consolidated Press Holdings.
Oaktree Capital is upping the ante. Th…
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