{"id":93,"date":"2024-06-13T20:41:01","date_gmt":"2024-06-13T17:41:01","guid":{"rendered":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/13\/blackstone-ups-the-ante-in-pursuit-of-crown-resorts\/"},"modified":"2024-06-17T13:10:38","modified_gmt":"2024-06-17T10:10:38","slug":"blackstone-ups-the-ante-in-pursuit-of-crown-resorts","status":"publish","type":"post","link":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/13\/blackstone-ups-the-ante-in-pursuit-of-crown-resorts\/","title":{"rendered":"Blackstone Ups the Ante in Pursuit of Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/ElZ4rxSEqtA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Blackstone has received approval to continue its quest for Crown Resorts, an Australian gaming company, after increasing its proposal to a substantial $6 billion. This action permits the American private investment firm to examine Crown&#8217;s fiscal documents, enabling them to more accurately gauge the company&#8217;s worth. <\/p>\n<p>Although Crown recognized the proposition, they&#8217;ve formally declared that the $6 billion valuation doesn&#8217;t precisely mirror their value. Nevertheless, this access creates a path for Blackstone to potentially modify their bid. <\/p>\n<p>Blackstone&#8217;s opening proposals, initially at $11.85 and subsequently $12.35 per share, were swiftly rejected by Crown. The pivotal moment occurred when Blackstone elevated their offer to $12.50 per share, ultimately persuading Crown to disclose their financial records.<\/p>\n<p>Crown, with its gaming establishments primarily situated in Melbourne and Perth, has faced significant examination for alleged wrongdoing, including aiding money laundering schemes and taking advantage of susceptible players. This hasn&#8217;t discouraged potential buyers like Star Entertainment Group, who perceive the immense worth in Crown&#8217;s holdings, including their newly constructed Sydney casino.<\/p>\n<p>Notwithstanding the controversy, Crown&#8217;s desirable locations and dominance in the Australian gaming market make it a highly appealing acquisition. The upcoming months will disclose whether Blackstone will raise their bid and if Crown will ultimately yield to the pressure of an acquisition. <\/p>\n<p>Allegedly, Crown Resorts lacks the suitability to manage its recently established gaming establishment situated on Sydney&#8217;s harbor. The company is currently under scrutiny in another inquiry, drawing parallels to prior examinations conducted on their ventures in Perth. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone has received approval to continue its quest for Crown Resorts, an Australian gaming company, after increasing its proposal to a substantial $6 billion. This action permits the American private investment firm to examine Crown&#8217;s fiscal documents, enabling them to more accurately gauge the company&#8217;s worth. Although Crown recognized the proposition, they&#8217;ve formally declared that [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blackstone Ups the Ante: $6 Billion Bid for Crown Resorts<\/title>\n<meta name=\"description\" content=\"The battle for Crown Resorts heats up as Blackstone increases its bid to a whopping $6 billion. Will Crown be swayed by this tempting offer? 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