t is the current policy of Mr Sirisena and his new party, the New Democratic Front, to oppose the proposal developed by John Keells Holdings, which Crown Resorts is involved with as part of a joint venture.
“To commit any money to a developing country like Sri Lanka, Crown would need regulatory certainty, tax breaks and full license for a casino,” an analyst, who declined to be named, told The Australian Financial Review. “They’re not in the business of running hotels for the sake of it.”
Meanwhile, The Australian reported from analysts regarding Crowns' ambitious spending program and the options it has to raise funding.
While some bankers thing Crown could raise the equity, Morgan Stanley believes that a hybrid raise could be on the cards.