Star CEO: Our Merger With Crown Positions Us on Global Map

The transcript discusses the potential merger between Crown and Star, addressing regulatory concerns, licensing, and financial proposals. It highlights the strategic benefits of the merger, especially post-COVID, and the importance of tourism for Star's long-term strategy. The discussion also covers the regulatory landscape and the impact of James Packer's involvement.

What is the main strategic benefit of merging Crown and Star according to the discussion?

• Improved employee satisfaction

• Reduction in operational costs

• Enhanced global presence post-COVID

• Increased market share in the domestic market

What is a major regulatory concern for the Crown and Star merger?

• Lack of investor interest

• Ongoing investigations in Perth and Melbourne

• High operational costs

• Competition from other bidders

How does the removal of James Packer from the shareholder registry potentially affect the merger?

• It decreases investor confidence

• It simplifies regulatory approvals

• It complicates the approval process

• It increases financial risks

What is the purpose of the partial cash component in the merger proposal?

• To reduce the overall cost of the merger

• To comply with state regulations

• To attract more international investors

• To provide flexibility for investors wanting cash

How might the Oak Tree Capital debt financing proposal influence the merger?

• It would decrease the merger's financial appeal

• It would increase the merger cost

• It might provide a clean exit for James Packer

• It could delay the merger process

What percentage of Star's earnings currently come from the domestic business?

• 70%

• 50%

• 88%

• 95%

What is the expected timeline for the reopening of borders according to the discussion?

• 2023

• Next year

• End of this year

• 2025