If Star were eligible to buy any of Crowns casinos, this is an option that its chief executive, Matt Bekier, says would also be looked at but it would depend on the price of Crowns pieces he said.
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But to capitalise on potential opportunities, Star needs the financial readies.
And thats where the restructuring plans come in.
It has already begun the process of splitting itself in two – to create a property company and an operating company – a structure dubbed in finance circles as opco/propco.
Star is already well advanced with the first stage of this process, having announced on Thursday that it is already courting expressions of interest for those wishing to buy up to half of its Sydney integrated casino complex. The value …
Read the full article at: https://www.smh.com.au/business/companies/star-casino-positions-itself-to-pick-the-bones-from-the-crown-carcass-20210819-p58k7z.html