The NSW government levy that has wiped a stunning 30 per off the company’s valuation is an example of the sort of populist interventions investors should fear.
It’s a fair bet that Robbie Cooke, the man with the job of cleaning up scandal-plagued casino operator The Star Entertainment Group will have spent the festive season asking himself a very difficult question.
How much is enough?
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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
