Australia's corporate regulator has launched legal proceedings against 11 directors and officers of The Star Entertainment Group and again defended not taking similar action against Crown Resorts.
Crown Resorts leaders are not pinning their hopes on a Blackstone takeover and have spruiked the potential of the Sydney casino to encourage higher offers.
Shares in Star Entertainment Group fell sharply today following allegations its casinos were used to supprt money laundering as the New South Wales gaming regulator continues its assessment of both Star and competitor Crown Resorts.
A merger proposal for Crown Resorts has been withdrawn after a royal commission raised the prospect the gaming group could lose the licence for its Melbourne casino.
Crown Resorts has received a takeover bid from the operator of Sydney's Star Casino while announcing the appointment of chief executive and managing director, Steve McCann.
