{"id":19327,"date":"2021-06-23T14:28:03","date_gmt":"2021-06-23T14:28:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19327"},"modified":"2026-04-23T18:18:25","modified_gmt":"2026-04-23T21:18:25","slug":"star-entertainment-and-crown-resorts-discuss-potential-merger","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/star-entertainment-and-crown-resorts-discuss-potential-merger","title":{"rendered":"Star Entertainment and Crown Resorts discuss potential merger"},"content":{"rendered":"\n

Star Entertainment and Crown Resorts’ CEOs met virtually to discuss options regarding a possible merger.<\/p>\n\n\n\n\n\n\n\n

Australia.- Crown Resorts<\/strong> CEO Steve McCann<\/a> has met with The Star Entertainment CEO Matt Bekier to talk about the potential merger of the two casino operators.<\/p>\n\n\n\n

In May, Australia\u2019s The Star Entertainment<\/a> made an unsolicited non-binding offer of AU$12bn<\/strong> (US$9.4bn)<\/strong> for Crown Resorts.<\/p>\n\n\n\n

Although more details of the virtual meeting have not been released, according to local media, McCann could be willing to work on a deal <\/strong>and may have asked Star to provide more details about its non-bidding offer.<\/p>\n\n\n\n

Star Entertainment<\/a> previously said the fusion would deliver between AU$150m to AU$200m of cost synergies <\/strong>per annum with an estimated net value of AU$2bn<\/strong>.<\/p>\n\n\n\n

It\u2019s also been suggested that The Star Entertainment<\/strong> could help Crown Resorts<\/a> solve its regulatory problems faster than Blackstone or Oaktree thanks to its experience as a casino operator in Australia.<\/p>\n\n\n\n

The Australian Competition and Consumer Commission (ACCC)<\/strong> chairman, Rod Sims announced that a public review will be carried out to decide whether Star Entertainment<\/a> would be allowed to make the acquisition.<\/p>\n\n\n\n

Sims noted that the potential merger would result in a casino giant <\/strong>with operations in the main Australian states. <\/p>\n\n\n\n

According to local media, Sims said: \u201cIt\u2019s very early days. But we would look at the market for domestic table game customers<\/strong> and we would look at the competition between Barangaroo and Star in Sydney.\u201d<\/p>\n\n\n\n

If Crown Resorts finally accepts the offer, Crown shareholders could retain 59 per cent of the shares<\/strong> while Star shareholders could own 41 per cent of the newly-merged entity.<\/p>\n\n\n\n

There’s been speculation that a merger could prompt a new independent casino authority<\/a> in NSW, which would likely ban junkets and demand enhanced requirements for suitability.<\/p>\n","protected":false},"excerpt":{"rendered":"

Star Entertainment and Crown Resorts’ CEOs met virtually to discuss options regarding a possible merger.<\/p>\n","protected":false},"author":176,"featured_media":17277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Crown Resorts and Star Entertainment CEOs have met virtually to discuss Star's AU$12bn unsolicited offer for Crown, with potential annual cost synergies of AU$150m-AU$200m. The proposed merger, which would create a dominant Australian casino entity, is under review by the ACCC due to competition concerns, particularly in Sydney. Regulatory implications, including the potential for a new NSW casino authority and stricter suitability requirements, are also significant considerations.","focusai_entities":"Star Entertainment, Crown Resorts, Steve McCann, Matt Bekier, Blackstone, Oaktree, Australian Competition and Consumer Commission, ACCC, Rod Sims","focusai_location":"Australia, Sydney, NSW","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"ACCC Merger Review Impact","query":"What specific criteria will the ACCC apply in its public review to assess the competitive impact of a Star-Crown merger, particularly concerning domestic table game customers in Sydney?"},{"label":"Regulatory Framework Evolution","query":"How might the proposed merger accelerate or reshape the establishment of an independent casino authority in NSW, and what specific enhanced suitability and junket ban requirements are anticipated?"}],"footnotes":""},"categories":[16336,157,158],"tags":[14657,23945,1295],"class_list":["post-19327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-crown-resorts","tag-fa","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=19327"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19327\/revisions"}],"predecessor-version":[{"id":19346,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19327\/revisions\/19346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17277"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}