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Hearing on Crown deal postponed

Arnold Knightly
December 1, 2008 - 5:41 pm
 

The logistics of getting Melbourne, Australia-based Crown Limited’s executives to Carson City this week proved to be too difficult.

A Wednesday hearing before the Gaming Control Board on the company’s proposed $1.8 billion buyout of Cannery Casinos Resorts was postponed today until January, according to regulators. The new hearing will be held in Las Vegas.

Regulators wanted all of Crown’s executives, including notoriously media shy billionaire and majority shareholder James Packer, to make the nearly 15-hour trip from Down Under for the hearing.

Crown said it could not arrange to have all of the executives in Carson City in time for the Wednesday hearing.

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