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Earlier this week it emerged the major bond investors are concerned about the level of debt the company is notching up. This mounting debt, coupled with a desire to borrow more cash to fund various projects, has caused investors to reassess the financial risk posed by Crown.
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Wilkie wants to ensure that the poker machines are able to switch on mandatory precommitment technology permanently if the trial turns out to be a success. While Community Affairs Minister Jenny Macklin has stated that the draft legislation supports this, Wilkie does not believe this to be the case. He wants cold, hard confirmation – and he is giving Macklin until tomorrow night to provide it.
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