United Kingdom
United States
Asia Pacific
Blackstone completes billion-dollar deal for Crown Resorts
Blackstone has finalised the acquisition of Australian gaming firm Crown Resorts.
In a deal worth $6.2 billion, Crown becomes an unlisted Australian with majority shareholder James Packer cashing out.
Crown Resorts operates casino properties in Melbourne, Perth and Sydney.
“Today’s final sale to Blackstone is confirmation that we have built one of the country’s best tourism, entertainment and leisure companies,” Packer said.
Blackstone said it plans ‘to transform these properties into world-class entertainment destinations’
“We first invested in Crown two years ago, seeing the tremendous underlying potential of the company and its people,” Alan Miyasaki, Head of Real Estate Acquisitions Asia, Blackstone, said.
It is Blackstone’s biggest deal in the Asia-Pacific region.
The NSW Independent Liquor and Gaming Authority just granted Crown Resorts permission to open the new Sydney casino.
Ray Monty
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’