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.

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.

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.

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.

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.

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

Hotels

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

It's likely that Wynn's cold feet about the Crown Resorts deal had more complex origins than the mere public disclosure of talks under way. Wynn wants to expand in Asia beyond Macau so it ain't over until the lights go out.

Wynn Resorts Walks Away From Crown Deal After Talks Became Public