{"id":63,"date":"2024-06-12T15:22:47","date_gmt":"2024-06-12T12:22:47","guid":{"rendered":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/"},"modified":"2024-06-13T12:04:55","modified_gmt":"2024-06-13T09:04:55","slug":"blackstone-makes-8-billion-bid-for-crown-resorts","status":"publish","type":"post","link":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/","title":{"rendered":"Blackstone Makes $8 Billion Bid for Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/PtDjEh_cdhw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A worldwide investment company, Blackstone Group, has proposed an acquisition of Crown Resorts, an Australian gambling enterprise, for $8 billion in Australian currency (equivalent to approximately $6.18 billion USD). This unrequested offer signifies a 19% increase on Crown&#8217;s stock value since the beginning of 2021. Blackstone currently possesses a 10% share in Crown, obtained from Melco Resorts in 2020.  Their portfolio also includes ownership in numerous Las Vegas establishments, such as the Bellagio and MGM Grand.<\/p>\n<p>Although Crown recognizes the proposition, their directors have not yet reached a conclusive stance on its worthiness. They intend to meticulously assess the bid, taking into account its valuation, conditions, and other pertinent elements.  Dialogue with stakeholders, encompassing regulatory authorities, will constitute a component of this procedure.<\/p>\n<p>Market specialists suggest the transaction has a high likelihood of success, considering the difficulties Crown has encountered in preceding months. Nevertheless, James Packer, who maintains a substantial 37% interest in the corporation, will ultimately hold the deciding vote. The Financial Times conveys that analysts at Fitch Ratings posit this acquisition could aid Crown in resolving some of the regulatory apprehensions highlighted in the Bergin Report. <\/p>\n<p>Despite the collapse of the agreement between Crown Resorts and CPH, including the departure of CPH representatives from the Crown board, financial experts at Fitch Ratings suggest that regulatory bodies in Australia will likely view the withdrawal of CPH as a stakeholder favorably. This detachment, they argue, ultimately severs the connections between the two organizations, a move that regulators have been seeking for some time. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A worldwide investment company, Blackstone Group, has proposed an acquisition of Crown Resorts, an Australian gambling enterprise, for $8 billion in Australian currency (equivalent to approximately $6.18 billion USD). This unrequested offer signifies a 19% increase on Crown&#8217;s stock value since the beginning of 2021. Blackstone currently possesses a 10% share in Crown, obtained from [&hellip;]<\/p>\n","protected":false},"author":50,"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 Makes $8 Billion Bid for Crown Resorts: What It Means<\/title>\n<meta name=\"description\" content=\"Investment giant Blackstone Group has offered to buy Australian casino operator Crown Resorts for $8 billion AUD. The move represents a 19% premium on Crown\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Makes $8 Billion Bid for Crown Resorts\" \/>\n<meta property=\"og:description\" content=\"Investment giant Blackstone Group has offered to buy Australian casino operator Crown Resorts for $8 billion AUD. The move represents a 19% premium on Crown\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Premier Choice for Licensed Online Casino Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T12:22:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T09:04:55+00:00\" \/>\n<meta name=\"author\" content=\"Gavin &quot;Gust&quot; Diaz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gavin &quot;Gust&quot; Diaz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/\",\"name\":\"Blackstone Makes $8 Billion Bid for Crown Resorts: What It Means\",\"isPartOf\":{\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-12T12:22:47+00:00\",\"dateModified\":\"2024-06-13T09:04:55+00:00\",\"author\":{\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/089c439fc74d82280cebf92f3489c1c4\"},\"description\":\"Investment giant Blackstone Group has offered to buy Australian casino operator Crown Resorts for $8 billion AUD. The move represents a 19% premium on Crown\",\"breadcrumb\":{\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/sunriseslots100nodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blackstone Makes $8 Billion Bid for Crown Resorts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#website\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/\",\"name\":\"Your Premier Choice for Licensed Online Casino Games &amp; News\",\"description\":\"Explore the dynamic world of online gambling through our fresh news, honest reviews, and informative insights. Our licensed casino is your ultimate gaming resource.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sunriseslots100nodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/089c439fc74d82280cebf92f3489c1c4\",\"name\":\"Gavin \\\"Gust\\\" Diaz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/wp-content\/uploads\/sites\/54\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/sunriseslots100nodepositbonus.icu\/wp-content\/uploads\/sites\/54\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Gavin \\\"Gust\\\" Diaz\"},\"description\":\"Holding a Ph.D. in Financial Mathematics and a Master's in Sociology, this accomplished author has a deep understanding of the financial and social dimensions of the casino industry and the role of gambling in shaping individual and collective economic behavior. They have expertise in option pricing, social network analysis, and behavioral finance, which they apply to the study of the financial risks and rewards of casino gambling and the social and psychological factors influencing gambling behavior. Their articles and news pieces provide readers with a socio-economic perspective on the casino industry and the strategies used to promote financial literacy and responsible gambling.\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/author\/ewqtrwe1235125\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Blackstone Makes $8 Billion Bid for Crown Resorts: What It Means","description":"Investment giant Blackstone Group has offered to buy Australian casino operator Crown Resorts for $8 billion AUD. The move represents a 19% premium on Crown","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/","og_locale":"en_GB","og_type":"article","og_title":"Blackstone Makes $8 Billion Bid for Crown Resorts","og_description":"Investment giant Blackstone Group has offered to buy Australian casino operator Crown Resorts for $8 billion AUD. The move represents a 19% premium on Crown","og_url":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/","og_site_name":"Your Premier Choice for Licensed Online Casino Games &amp; News","article_published_time":"2024-06-12T12:22:47+00:00","article_modified_time":"2024-06-13T09:04:55+00:00","author":"Gavin \"Gust\" Diaz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gavin \"Gust\" Diaz","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/","url":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/","name":"Blackstone Makes $8 Billion Bid for Crown Resorts: What It Means","isPartOf":{"@id":"https:\/\/sunriseslots100nodepositbonus.icu\/#website"},"datePublished":"2024-06-12T12:22:47+00:00","dateModified":"2024-06-13T09:04:55+00:00","author":{"@id":"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/089c439fc74d82280cebf92f3489c1c4"},"description":"Investment giant Blackstone Group has offered to buy Australian casino operator Crown Resorts for $8 billion AUD. The move represents a 19% premium on Crown","breadcrumb":{"@id":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/blackstone-makes-8-billion-bid-for-crown-resorts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/sunriseslots100nodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Blackstone Makes $8 Billion Bid for Crown Resorts"}]},{"@type":"WebSite","@id":"https:\/\/sunriseslots100nodepositbonus.icu\/#website","url":"https:\/\/sunriseslots100nodepositbonus.icu\/","name":"Your Premier Choice for Licensed Online Casino Games &amp; News","description":"Explore the dynamic world of online gambling through our fresh news, honest reviews, and informative insights. Our licensed casino is your ultimate gaming resource.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sunriseslots100nodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/089c439fc74d82280cebf92f3489c1c4","name":"Gavin \"Gust\" Diaz","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-content\/uploads\/sites\/54\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-content\/uploads\/sites\/54\/2024\/06\/man-avatar-96x96.png","caption":"Gavin \"Gust\" Diaz"},"description":"Holding a Ph.D. in Financial Mathematics and a Master's in Sociology, this accomplished author has a deep understanding of the financial and social dimensions of the casino industry and the role of gambling in shaping individual and collective economic behavior. They have expertise in option pricing, social network analysis, and behavioral finance, which they apply to the study of the financial risks and rewards of casino gambling and the social and psychological factors influencing gambling behavior. Their articles and news pieces provide readers with a socio-economic perspective on the casino industry and the strategies used to promote financial literacy and responsible gambling.","url":"https:\/\/sunriseslots100nodepositbonus.icu\/author\/ewqtrwe1235125\/"}]}},"_links":{"self":[{"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/posts\/63"}],"collection":[{"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=63"}],"version-history":[{"count":1,"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/posts\/63\/revisions"}],"predecessor-version":[{"id":87,"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/posts\/63\/revisions\/87"}],"wp:attachment":[{"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=63"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=63"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunriseslots100nodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=63"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}