Burswood cap being lifted - takeover to come

  1. 400 Posts.
    From todays AFR (21/5/02).

    "Burswood ball rolls
    The legislation which will determine the future of Perth casino operator Burswood moved a step closer yesterday when Western Australia's Racing & Gaming Minister Nick Griffiths briefed his cabinet colleagues yesterday.

    The move coincided with a rally in Burswood shares through the $1 mark, where the stock finished on turnover of about 2.6million shares."

    The rumour I am hearing is that the removal of the cap is a done deal and that there are a number of parties interested in bidding for BIR and are willing to pay up to $1.50 for it.
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