Packer’s Crown wins casino extension

James Packer‘s Crown Resorts has squeezed a 17-year extension to its Melbourne casino licence out of the Victorian government after it increased poker machine taxes in December.

Shadow Treasurer Tim Pallas said the deal was an embarrassment for the government. "The government was forced into a backdown over their botched efforts to introduce an extra charge on Crown. ‘They have negotiated under duress and it looks like Crown have taken the Victorian government to the cleaners," he said.

Greens Leader Greg Barber, whose party is likely to hold the balance of power in the Upper House after the election, said the move would require legislation before the November 29 election. "There is just this little thing called Parliament they need to deal with," he said. 2 Billionaire Gerry Harvey reveals the fantasy behind … 3 News Corp threatens ‘action’ over leaked …

Read more here: SMH


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