Search Results

Blackstone to rebuild Crown into an “iconic” destination

U.S. investment group, Blackstone, has completed its A$8.9 billion ($6.1 billion) acquisition of Crown Resorts, saying it aims to rebuild the Australian operator into an “iconic destination for travel.” 

Blackstone completes final Crown hurdle; stocks to be delisted

U.S. investment group Blackstone won approval from Australia’s Federal Court for the takeover of Crown Resorts, completing the last step of the regulatory process. 

Blackstone gets further regulatory nod for Crown takeover

Blackstone Group won regulatory approval from Western Australia and now has one final step before it can complete its A$8.9 billion ($6.3 billion) takeover of Crown Resorts.

Blackstone gets green light for A$8.90b Crown Resorts takeover in Victoria, NSW

Blackstone’s A$8.9 billion ($6.3 billion) acquisition of Crown Resorts has taken a step forward with regulators in New South Wales and Victoria finding the U.S. investment group suitable to hold a license

Crown Resorts shareholders approve $6.3 billion Blackstone takeover

Crown Resorts’ shareholders have voted in favor of an A$8.9 billion ($6.3 billion) takeover offer from Blackstone, although the U.S. investor has still not cleared Australian regulatory hurdles.

Crown pushes back scheme meeting as Blackstone regulatory approvals lag

Crown Resorts said it’s pushing back a meeting to approve a takeover by Blackstone as the U.S. private equity firm has not yet received all the necessary regulatory approvals.

Crown urges investors to vote for Blackstone bid

Crown Resorts has urged shareholders to vote in favor of an A$8.9 billion ($6.3 billion) bid from Blackstone Group saying it will help them to avoid the uncertainties involved in an ongoing investment in its business.

Blackstone acquisition of Crown gets Australian government nod

The proposed acquisition of Crown Resorts by U.S.-based Blackstone Group has been approved by the Foreign Investment Review Board (FIRB), meaning that the Australian government has no objection to the takeover. 

Fitch warns of potential for Crown ratings downgrade under Blackstone

Crown Resorts’ credit rating may be downgraded multiple notches as new owner Blackstone group is more comfortable with higher debt levels, Fitch Ratings said.

Your Daily Asia Gaming eBrief: Potential for culture cash seen in Blackstone/Crown takeover

Blackstone finally succeeded in securing Crown Resorts this week after a year-long battle. However, now the hard work begins.