{"id":140,"date":"2024-06-16T01:40:11","date_gmt":"2024-06-15T22:40:11","guid":{"rendered":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/16\/blackstone-sweetens-offer-for-crown-resorts-in-pursuit-of-australian-gaming-giant\/"},"modified":"2024-06-17T13:21:17","modified_gmt":"2024-06-17T10:21:17","slug":"blackstone-sweetens-offer-for-crown-resorts-in-pursuit-of-australian-gaming-giant","status":"publish","type":"post","link":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/16\/blackstone-sweetens-offer-for-crown-resorts-in-pursuit-of-australian-gaming-giant\/","title":{"rendered":"Blackstone Sweetens Offer for Crown Resorts in Pursuit of Australian Gaming Giant"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/KCri5jtAYRk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Blackstone Group has increased their proposal to purchase Crown Resorts, making the agreement more appealing for the Australian gaming company.  The current proposition stands at $13.10 Australian dollars per share, assessing Crown at approximately $9.55 billion in US currency. This signifies an increase from their initial offer in November and underscores Blackstone&#8217;s dedication to securing the company. Blackstone already possesses a 10% ownership in Crown.<\/p>\n<p>Crown&#8217;s directors, following discussions with financial and legal experts, deem it advantageous for their stakeholders to proceed with discussions with Blackstone. They are poised to endorse the transaction to shareholders, subject to a finalized contract and verification that it is beneficial to them. Naturally, this hinges on the absence of a more favorable offer surfacing. <\/p>\n<p>Blackstone&#8217;s November bid for Crown Resorts remains active, yet several obstacles must be overcome before finalization.  Blackstone requires completion of its due diligence, approval from Crown&#8217;s directors, and clearance from regulatory bodies in Victoria, New South Wales, and Western Australia \u2013 the locations of Crown&#8217;s casino operations.<\/p>\n<p>Crown Resorts released a communication confirming the continuing negotiations but highlighted that a finalized agreement is not assured, nor is shareholder acceptance of any Blackstone offer guaranteed.<\/p>\n<p>The communication reaffirmed the dedication of Crown&#8217;s board to optimizing shareholder worth and pledged careful consideration of any proposition aligned with that goal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone Group has increased their proposal to purchase Crown Resorts, making the agreement more appealing&#8230;<\/p>\n","protected":false},"author":86,"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: Will Crown Resorts Bite?<\/title>\n<meta name=\"description\" content=\"Blackstone Group sweetens their offer to acquire Crown Resorts, pushing the deal to $9.55 billion USD. 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