Will Crown fold'em or hold'em

The Australian share market finished 0.7% down on the week, despite some shoots of green on the day, with the ASX 200 finishing up 0.17%. Today was all about Crown Resorts as the casino giant received a fresh takeover offer from US private equity group Blackstone, sending the company's share price soaring more than 16%.In response, rival casino operator Star Entertainment fell more than 1.5%. All eyes remains on inflation, as the tone from the US Fed grows ever hawkish with Americans to pay more for their turkey at Thanksgiving next week. Register for our Investing in Innovation event for free here: https://ausbiz.co/3Fpwbko

Hosted on Acast. See acast.com/privacy for more information.