Blackstone Group plans to acquire Crown Resorts Hotel for A$8.9 billion
Industrial Investment 2022-02-16

Australian casino operator Crown Resorts says,has accepted an acquisition proposal from Blackstone Group (NYSE:BX) valuing 188bet app it at A.9 billion (US.3 billion)。According to transaction terms,Crown shareholders will receive 13 per share.$10 cash,Voting expected in Q2。Crown Resorts has been the subject of various regulatory investigations。NSW gaming regulator says after discovering bank accounts of Crown Group subsidiary were used for money laundering,Crown 188bet Online Sports Betting and Casino is not suitable to operate a new casino in Sydney。But since 11 per share was first proposed nearly a year ago.Since the quote of A$85,Blackstone has increased its offer for Crown Resorts several times。Gelonghui

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