Tabcorp's star-crossed deal

Article Abstract:

The planned Tabcorp Holdings/Star City Casino merger may be in danger, but Tabcorp chief executive Ross Wilson is confident. The scrip-and-cash offer of one Tabcorp share plus $1.49 cash for every eight Star City shares will increase Tabcorp's debt-equity to 70%. If the deal fails, Tabcorp will still control Star City because of a deal with Harrah's Entertainment Inc., the majority owner of Star's management contract. The proposed merger would create a vast entertainment and leisure concern.

United States, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Coin-operated amusement devices, Casinos, Casinos (except Casino Hotels), Management, Mergers, acquisitions and divestments, Gambling industry, Harrah's Entertainment Inc., HET, Wilson, Ross, Tabcorp Holdings, Star City Casino

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Pasta master

Article Abstract:

Maurice Terzine, a successful restaurateur in Melbourne and Sydney is likely to appear in the BRW young rich list. Besides his ability to attract celebrities, his diners gives a feeling of complete product including the menu, food, service, style and smart marketing.

Appreciation, Restaurateurs, Terzine, Maurice

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Corporate super cops

Article Abstract:

New powers have been assigned to regulatory bodies, which expands their role of regulating the financial sector. CLERP 9 legislation has made the Australian Securities & Investments Commission the most powerful regulator.

Powers and duties, Administrative agencies, Government agencies, Australia. Securities and Investments Commission

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