buying crown is the worst investment Blackstone has ever made, and they know it. Had they known the level of regulation they would not have bought it.
The talk of them taking over Star is just dumb at the moment. They won't unless they get it for a dime, which they won't, shareholders won't approve what they want to buy it for. Crown is on dire straits, they are sacking another 1000, after only sacking another 500 not long ago.
Over regulations have made Casinos nonprofitable, the only way forward is that pubs/clubs have the same level of regulation.
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