{"id":140,"date":"2024-06-16T01:41:13","date_gmt":"2024-06-15T22:41:13","guid":{"rendered":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/16\/blackstone-gains-access-to-crown-resorts-finances-amidst-acquisition-bid\/"},"modified":"2024-06-17T13:21:17","modified_gmt":"2024-06-17T10:21:17","slug":"blackstone-gains-access-to-crown-resorts-finances-amidst-acquisition-bid","status":"publish","type":"post","link":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/16\/blackstone-gains-access-to-crown-resorts-finances-amidst-acquisition-bid\/","title":{"rendered":"Blackstone Gains Access to Crown Resorts&#8217; Finances Amidst Acquisition Bid"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Nt6BlIDWl20\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Blackstone has received permission to examine Crown Resorts&#8217; financial records after raising its acquisition bid to AU$8.5 billion (US$6 billion). The US-based investment firm presented an unrequested and non-obligatory proposition to purchase the gaming company.<\/p>\n<p>Crown Resorts, while indicating that the current proposal &#8220;fails to demonstrate compelling worth,&#8221; will permit the private equity group to view confidential data as a component of a non-exclusive due diligence process.<br \/>\nThis action, nevertheless, creates an opportunity for Blackstone to present a modified offer that &#8220;appropriately reflects the value of Crown Resorts.&#8221;<\/p>\n<p>Blackstone had previously submitted two bids to acquire Crown Resorts for A$11.85 and A$12.35 in cash per share, both of which were judged to underestimate the company&#8217;s value. Only after Blackstone elevated its bid to AU$12.50 per share did Crown Resorts consent to engage in discussions.<\/p>\n<p>Crown Resorts&#8217; principal shareholder, billionaire James Packer, has been entangled in regulatory probes for several years; however, this has not discouraged potential buyers like competing Australian gaming entity Star Entertainment Group. Crown Resorts maintains exclusive control over casinos in two Australian metropolises and even possesses a newly constructed resort in Sydney.<\/p>\n<p>Crown Resorts&#8217; casinos are familiar with disputes.<br \/>\nIn October, the company was granted a two-year period to rectify its operations after an investigation revealed it had facilitated illicit financial transactions, evaded tax obligations, and exploited individuals struggling with gambling addiction. <\/p>\n<p>The massive Australian gaming corporation, Crown Resorts, is under fire regarding its operating permit for a lavish new casino situated on Sydney&#8217;s sparkling harbor.  It&#8217;s highly probable they could be subject to an inquiry similar to the one that rocked their Perth establishment. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone has received permission to examine Crown Resorts&#8217; financial records after raising its acquisition bid&#8230;<\/p>\n","protected":false},"author":87,"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 Eyes Crown Resorts: $6 Billion Takeover Bid<\/title>\n<meta name=\"description\" content=\"US investment giant Blackstone has set its sights on Crown Resorts, offering a whopping $6 billion to acquire the Australian casino operator. Will Crown be tempted? 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