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Star plans ‘BHP of gaming’ in Crown bid

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A $12 billion merger with once bitter rival Crown Resorts would create the “BHP of gaming and hospitality” with an Australian network that would allow the group to compete globally for the next 20 years, The Star Entertainment Group chief executive Matt Bekier said.

The Star confirmed its merger offer on Monday morning, just minutes after rival bidder, the US investment giant Blackstone, increased its offer for Crown to $8.3 billion or $12.35 a share.

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
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/companies/games-and-wagering/star-plans-bhp-of-gaming-in-crown-bid-20210510-p57qih