Crown Resorts has sunk so low that private equity is the best option
- Written by Mark Melatos, Associate Professor of Economics, University of Sydney
Michał Parzuchowski/Unsplash, CC BY-SAPrivate equity companies generally have a reputation for buying “distressed assets” at bargain prices, squeezing as much cash out of them while making them look as profitable as possible, then selling out for a huge profit.
But the takeover of Australia’s disgraced casino operator Crown...
Read more: Crown Resorts has sunk so low that private equity is the best option
