The Star's chairman, John O'Neill, said the merger would create a $12 billion casino and entertainment company listed on the ASX.
"With a portfolio of world-class properties across four states in Australia's most attractive and populated catchment areas and tourism hubs, the combined group would be a compelling investment proposition and one of the largest and most attractive integrated resort operators in the Asia-Pacific region."
Crown's biggest shareholder, James Packer, is keen to exit the business, which may also assist the company in gaining NSW regulatory approvals.
Source: News Formal (newsformal.com)
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