Crown Resorts has sunk so low that private equity is the best option

Written by The Conversation

Michał Parzuchowski/Unsplash, CC BY-SA

Private 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...

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