{"id":198,"date":"2024-06-17T19:05:10","date_gmt":"2024-06-17T16:05:10","guid":{"rendered":"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/17\/blackstone-ups-the-ante-a-6-billion-bid-for-crown-resorts-and-a-casino-empire-at-stake\/"},"modified":"2024-06-20T17:02:16","modified_gmt":"2024-06-20T14:02:16","slug":"blackstone-ups-the-ante-a-6-billion-bid-for-crown-resorts-and-a-casino-empire-at-stake","status":"publish","type":"post","link":"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/17\/blackstone-ups-the-ante-a-6-billion-bid-for-crown-resorts-and-a-casino-empire-at-stake\/","title":{"rendered":"Blackstone Ups the Ante: A $6 Billion Bid for Crown Resorts and a Casino Empire at Stake"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/0KL4Ksr_TVk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Blackstone has increased its offer for Crown Resorts to a substantial $6 billion, a strategic maneuver granting them entry to the casino powerhouse&#8217;s financial data. This follows Blackstone&#8217;s initial informal proposal, one that Crown Resorts swiftly deemed as underestimating their value.<\/p>\n<p>Although Crown Resorts has permitted Blackstone a glimpse behind the scenes for proper examination, they remain firm, asserting that the present proposition does not mirror the company&#8217;s actual worth. This paves the way for Blackstone to enhance the agreement with an adjusted offer that better represents Crown&#8217;s capabilities.<\/p>\n<p>This entire affair commenced with Blackstone submitting two previous bids, both of which were rejected by Crown for being insufficient. It appears they have finally arrived at a figure that has captured everyone&#8217;s attention.<\/p>\n<p>Introducing another element of fascination to this whole scenario is James Packer, Crown&#8217;s principal shareholder. He has been under regulatory scrutiny for over a year now.  Despite this, other major contenders like Star Entertainment Group are still circling, sensing a potential chance to seize control.  After all, Crown Resorts still possesses valuable casino permits in two prominent Australian metropolises, not to mention their recently established resort in Sydney.<\/p>\n<p>Crown has been no stranger to disputes, with rumors and conjecture circulating around their casinos for years.  They were recently issued a two-year ultimatum to rectify their operations after an inquiry revealed some quite incriminating activities, including exploiting at-risk gamblers, evading taxes, and even facilitating illicit financial transactions. <\/p>\n<p>The Crown gambling establishment is under fire in Australia.  Allegations claim they are unsuitable to manage their lavish, recently opened Sydney Harbor casino.  Ring a bell?  Comparable investigations are underway at their Perth location. It seems victory isn&#8217;t always guaranteed, even for the house. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone has increased its offer for Crown Resorts to a substantial $6 billion, a strategic&hellip;<\/p>\n","protected":false},"author":29,"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>Crown Resorts Holds Firm as Blackstone Ups Offer to $6 Billion<\/title>\n<meta name=\"description\" content=\"The battle for Crown Resorts heats up! Blackstone sweetens the deal to a whopping $6 billion, but Crown Resorts is playing hardball, claiming their worth is even higher. 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