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The Australian Business Review
 

Good morning,

A mystery Macau-based investor has emerged as a substantial shareholder in Star Entertainment Group only days after analysts warned that the cash-strapped casino operator was close to collapse.

Meanwhile, as federal leaders begin to roll out big-spending election promises, the Australian Airports Association has called for the next federal government to create a more seamless travel experience at international gateways with innovations such as digital passenger cards, biometrics and more Smartgates.

And one of the country's biggest broadband providers, TPG, has criticised the government's $3bn injection into the NBN , saying Labor should be fixing areas where competition has broken down, rather than building networks.




Perry Williams
Business editor
The markets


Making news this morning
1
MA Financial’s $300m plan for the year’s first big float
MA Financial is well advanced with its plans to raise about $300m for a listed credit trust, which sources say is likely to be the first big float of 2025.
2
Bitcoin ‘could hit $400,000 under Trump’
Market analysts say Donald Trump’s policies coupled with growing favour among institutional investors could result in bitcoin more than doubling in value this year.
3
LA travel plans up in air as fires burn
Horrific Los Angeles bushfires have triggered a wave of cancellations from Australian holidaymakers, in a further blow to the city.
Editor's picks
POLITICS
Julie Bishop casts doubts on Rudd’s future in Washington
The former foreign minister says ‘watch this space’ as Kevin Rudd prepares to attend Donald Trump’s inauguration.
By BRAD THOMPSON
EXCLUSIVE
Wine giant boss’s China dream takes shape
Tim Ford doesn’t just want to pack product off to China never to be seen again; he believes his Treasury Wine Estates and Penfolds brand can be a driving force in that country’s wine community.
By ELI GREENBLAT
RETAIL
Myer and Premier take $1bn hit over shock profit warning
The department store chain’s share price has tumbled below a key threshold set by the independent expert backing its near $1bn merger with Solomon Lew’s Premier retail assets.
By MATT BELL
Commentary
Why property investors will keep selling out of Melbourne
By JAMES KIRBY
Wealth Editor
PropTrack says there’s a ‘statistically significant’ escalation of investors quitting Melbourne as new property taxes imposed by the state government begin to bite.

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