Star Entertainment’s prospective new owner Bally’s boss Soo Kim says the Australian casino business will have to start life from scratch.
The appearance of cracks in the world’s most famous bromance between Donald Trump and Elon Musk had an inevitability to it.
Given the moveable feast that is Donald Trump’s trade policy,it is impossible to determine if the world is in for a short-lived shock or a case of long COVID.
Given the state of its finances it really was Bally’s or bust for Star,and the casino operator’s US owner will have to be ready to wade through an ocean of red.
There was no plank walking for this human headline/inappropriate social media lothario. The lack of punishment would be unthinkable in most large Australian listed companies.
With everyone blaming the supermarkets for the cost-of-living crisis,now is not the time for them to start charging for the popular service,as much as they may want to.
The size of Donald Trump’s proposed tariff on European booze is big enough to stop trade in its tracks,but it could be good news for the owner of Penfolds Grange.
If Matt Stanton gets it right and hits the earnings jackpot,he could make $6 million a year. That’s rich pickings for running a company capitalised at about $2.5 billion.
If the $2 billion taxpayer bailout of the unprofitable Whyalla steel mill was confounding a few weeks ago,it now looks ludicrous in the light of the new US tariffs.
Would-be customers are walking away from Tesla in droves,but it’s a price the world’s richest man is willing to pay for hitching his wagon to US President Donald Trump’s policies.