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2021-12-02
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Blackstone Finally Gets Access to Crown Resorts’ Accounts After $6 Billion Offer
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This will allow Blackstone to work on a fresh offer “that adequately reflects the value of Crown,” the company said.</p>\n<p>Blackstone in late November offered A$12.50 for each Crown share, a 26% premium to the previous close. That’s now proven enough for Crown to open its door to the U.S. suitor, albeit tentatively, after rejecting two previous proposals as too low.</p>\n<p>Crown, whose biggest shareholder is billionaire James Packer, has been hammered by regulatory investigations for more than a year. That hasn’t deterred suitors, which include rival Australian casino operator <a href=\"https://laohu8.com/S/SGR.AU\">Star Entertainment</a> Group Ltd., because Crown still has casino monopolies in two Australian cities and a new resort on Sydney’s waterfront.</p>\n<p>Read more: Tarnished Crown Wins Stay of Execution With Time to Fix Casino</p>\n<p>Crown in October was given two years to address a litany of wrongdoing to save its flagship Melbourne casino after an inquiry found it had underpaid taxes, facilitated money laundering and exploited problem gamblers. In February, Crown was also found unsuitable to run its new casino in Sydney, and it faces a similar inquiry into its Perth operations.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blackstone Finally Gets Access to Crown Resorts’ Accounts After $6 Billion Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackstone Finally Gets Access to Crown Resorts’ Accounts After $6 Billion Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-02 07:55 GMT+8 <a href=https://finance.yahoo.com/news/blackstone-finally-gets-access-crown-224931531.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Blackstone Inc. was finally given access to the accounts of troubled Australian casino operator Crown Resorts Ltd. after last month increasing its takeover offer to A$8.5 billion ($6 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackstone-finally-gets-access-crown-224931531.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4126":"金属与玻璃容器","BX":"黑石","CWN.AU":"CROWN RESORTS LTD"},"source_url":"https://finance.yahoo.com/news/blackstone-finally-gets-access-crown-224931531.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2188560266","content_text":"(Bloomberg) -- Blackstone Inc. was finally given access to the accounts of troubled Australian casino operator Crown Resorts Ltd. after last month increasing its takeover offer to A$8.5 billion ($6 billion).\nWhile the latest bid “does not represent compelling value,” Crown will let the U.S. buyout firm see private information as part of non-exclusive due diligence, Crown said Thursday. 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That hasn’t deterred suitors, which include rival Australian casino operator Star Entertainment Group Ltd., because Crown still has casino monopolies in two Australian cities and a new resort on Sydney’s waterfront.\nRead more: Tarnished Crown Wins Stay of Execution With Time to Fix Casino\nCrown in October was given two years to address a litany of wrongdoing to save its flagship Melbourne casino after an inquiry found it had underpaid taxes, facilitated money laundering and exploited problem gamblers. In February, Crown was also found unsuitable to run its new casino in Sydney, and it faces a similar inquiry into its Perth operations.","news_type":1,"symbols_score_info":{"BX":0.9,"CWN.AU":0.6}},"isVote":1,"tweetType":1,"viewCount":512,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/603608260"}
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