Articles tagged “crown resorts”

Hotels

Crown Resorts Shareholders Approve $6.3 Billion Sale to Blackstone

A step nearer for Blackstone, but a few gambling regulators dotted around Australia now get to have their say. It's not a done deal yet.

Harish Sridharan and Indranil Sarkar, Reuters | 2 years ago

Crown Resorts Shareholders Approve $6.3 Billion Sale to Blackstone

Coronavirus

Blackstone Makes $6.3 Billion Bid for Troubled Crown Resorts

Blackstone's streak of casino resort acquisitions now extends to Australia, but Crown Resorts is in more turmoil than the investment firm's prior resort purchases in Las Vegas. It's going to take years to right this ship.

Shashwat Awasthi and Byron Kaye, Reuters | 2 years ago

Blackstone Makes $6.3 Billion Bid for Troubled Crown Resorts

Hotels

Australia’s Crown Resorts Could Collapse Under Money Laundering Allegations

Things are getting dire for James Packer's casino empire. This, after so much takeover interest.

Paulina Duran, Reuters | 3 years ago

Australia’s Crown Resorts Could Collapse Under Money Laundering Allegations

Coronavirus

Blackstone Makes $6.2 Billion Bid for Troubled Australian Casino Resort Owner

Blackstone's push into casino resort ownership expands well beyond Las Vegas and into Australia, but don't call this a case of pandemic distress. Crown Resorts struggled for years due to its own alleged corruption.

Rashmi Ashok, Reuters | 3 years ago

Blackstone Makes $6.2 Billion Bid for Troubled Australian Casino Resort Owner

Tourism

Blackstone Picks Up $360 Million Stake in Australia’s Crown Resorts From Melco

Gaming companies are hard hit by the coronavirus pandemic, but Melco seems to be suffering more than others — if its latest money-losing deal with Blackstone goes to shows.

Rashmi Ashok, Reuters | 4 years ago

Blackstone Picks Up $360 Million Stake in Australia’s Crown Resorts From Melco