The salvation of the Melbourne casino license lifted the share price. But the quiet genius of the Finkelstein report might be that the slow strangulation of the gambling giant has begun.
Is it a sigh of relief or the first exhalation from a python-like constriction?
If the share price is any guide Crown Resorts won a battle on Tuesday, but it faces a multitude of incredibly difficult battles every day from now on. The list makes for a sober reflection whether investor optimism can be maintained.
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Tony Robinson was gaming and consumer affairs minister in Victoria’s Brumby Labor government.
