“We continue to believe substantial advantages could possibly be unlocked by a merger, nevertheless the uncertainty surrounding Crown is such that Star is unable to continue this present day with its proposal,” the company stated in a statement Friday. Star Entertainment Group scrapped a proposal to merge with Crown Resorts as a public inquiry raises doubts about the way ahead for Crown’s flagship Melbourne casino, Bloomberg reports.

The Group can be engaged in hotel and entertainment enterprise in Macau, with current holdings of two four-star casino resorts. In view of the booming financial... Read more