{"id":94,"date":"2024-06-13T20:39:59","date_gmt":"2024-06-13T17:39:59","guid":{"rendered":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/13\/blackstone-sweetens-bid-for-crown-resorts-in-pursuit-of-australian-gaming-giant\/"},"modified":"2024-06-17T13:10:35","modified_gmt":"2024-06-17T10:10:35","slug":"blackstone-sweetens-bid-for-crown-resorts-in-pursuit-of-australian-gaming-giant","status":"publish","type":"post","link":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/13\/blackstone-sweetens-bid-for-crown-resorts-in-pursuit-of-australian-gaming-giant\/","title":{"rendered":"Blackstone Sweetens Bid 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\/Nt6BlIDWl20\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Blackstone has boosted its proposal to purchase Crown Resorts, enhancing the agreement for the Australian gaming company. Crown disclosed that the investment firm has elevated its bid to A$13.10 per share, rising from the prior A$12.50. This appraises Crown at a substantial A$8.9 billion.<\/p>\n<p>Blackstone, which currently possesses a 10% interest in Crown, appears resolute in finalizing the transaction.<\/p>\n<p>Crown&#8217;s directors, following discussions with their counsel, deem it to be in the optimal interest of their investors to carefully contemplate this revised proposition. They have consented to additional, non-exclusive negotiations with Blackstone.<\/p>\n<p>Fundamentally, Crown&#8217;s board is indicating their willingness to endorse the arrangement to their shareholders if Blackstone formalizes this proposal, barring the emergence of a superior one. Naturally, this hinges on regulatory authorizations and the agreement being deemed advantageous for Crown&#8217;s stakeholders by autonomous specialists. <\/p>\n<p>The initial proposition, presented in November, and the updated version maintain identical stipulations. These encompass comprehensive scrutiny, complete backing from Crown Resorts&#8217; governing body, and a positive assessment. Furthermore, Blackstone requires approval from gaming authorities in Victoria, New South Wales, and Western Australia.<\/p>\n<p>Crown Resorts issued a communication stating, &#8220;There is no certainty that these discussions with Blackstone will result in an alteration of proprietorship or a bid agreeable to Crown stakeholders.&#8221;<\/p>\n<p>The communication added, &#8220;The Crown board is dedicated to optimizing shareholder worth and will meticulously evaluate any proposition that corresponds with this objective.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone has boosted its proposal to purchase Crown Resorts, enhancing the agreement for the Australian gaming company. Crown disclosed that the investment firm has elevated its bid to A$13.10 per&hellip;<\/p>\n","protected":false},"author":48,"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: New Bid for Crown Resorts<\/title>\n<meta name=\"description\" content=\"The battle for Crown Resorts heats up as Blackstone raises its bid to A$13.10 per share. Will this be enough to seal the deal for the Australian gaming giant? 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