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Crown still too big to fail, but profit pain is coming

The final probe into Crown Resorts ends with the casino giant’s licences intact. But its operations will become more complex and less profitable. 

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There are two key messages from the final report of the West Australian Royal Commission into Crown Resorts for US investment giant Blackstone, which should soon take control of the casino giant in an $8.9 billion deal.

The first is that Crown has survived its ordeal-by-inquiry – first NSW, then Victoria, now WA – with its licences intact.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/crown-still-too-big-to-fail-but-profit-pain-is-coming-20220324-p5a7n7