SYDNEY: Forced to anchor in licensed clusters in Las Vegas and Macau, the world’s biggest casino operators rarely get a free shot at expansion. That’s why a once-in-a-generation opportunity to buy established resorts in Australia could escalate into a bidding war.
Crown Resorts Ltd, controlled by billionaire James Packer – the one-time fiancé of singer Mariah Carey – this week disclosed a A$9.99bil (US$7.12bil) takeover offer from Wynn Resorts Ltd and said the two companies were discussing a deal.
