Blackstone completes $6.2M Crown acquisition; majority shareholder James Packer exits the business
Blackstone announced Friday it has completed the acquisition of Australian gaming giant Crown Resorts Limited, the largest transaction to date for the firm in the Asia-Pacific regioncomprising three premium resort and casino properties in Melbourne, Perth and Sydney. The buyout was priced at AUD 8.9 billion ($6.2 billion)starting Crown afresh as an unlisted Australian entity. … Read more