{"id":108,"date":"2024-06-14T23:01:16","date_gmt":"2024-06-14T20:01:16","guid":{"rendered":"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/"},"modified":"2024-06-17T13:09:48","modified_gmt":"2024-06-17T10:09:48","slug":"blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition","status":"publish","type":"post","link":"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/","title":{"rendered":"Blackstone Gets Green Light for $6.2 Billion Crown Resorts Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/eey1isBZnyk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Australian Federal Court gave the go-ahead today for Blackstone&#8217;s purchase of Crown Resorts, clearing the path for a massive $6.2 billion transaction (approximately A$8.9 billion in Australian dollars).<\/p>\n<p>Following the court&#8217;s endorsement, Crown promptly initiated the formal acquisition procedures, submitting the court order to the Australian Securities and Investments Commission.<\/p>\n<p>What implications does this have for Crown Resorts&#8217; shares? Trading will be suspended after today&#8217;s market close. The corporation did, however, confirm that trading in Crown&#8217;s subordinated notes, which are traded on the ASX under the ticker symbol &#8216;CWNHB,&#8217; will continue as normal.<\/p>\n<p>Noteworthy is that Crown Resorts will be formally delisted from the S&#038;P\/ASX 200 Index prior to the start of trading on Monday, June 20th.<\/p>\n<p>This ultimate clearance from the Federal Court follows Blackstone&#8217;s acquisition of the required regulatory permissions from both the Victorian Gambling and Casino Control Commission (VGCCC) and the New South Wales Independent Liquor &#038; Gaming Authority (ILGA) earlier this month.<\/p>\n<p>At the time, VGCCC Chair Fran Thorn stressed the significance of the approval&#8217;s tight restrictions, stating, &#8220;Our approval is contingent on stringent requirements to guarantee Crown Melbourne is run with integrity and the greatest standards of governance, and that it remains a valuable tourism resource for Victoria.&#8221;<\/p>\n<p>With all obstacles overcome, the plan is scheduled to be executed on June 24th, with stakeholders receiving A$13.10 cash per share based on their holdings as of Friday, June 17th. <\/p>\n<p>Following extensive discussions spanning several months, Blackstone successfully finalized the purchase of Crown Resorts.  Initial bids presented in the spring of 2021 were declined.  However, Crown&#8217;s leadership ultimately greenlit Blackstone&#8217;s revised offer, which was delivered in late 2021 and further enhanced in early 2022.  This acquisition subsequently received resounding endorsement from shareholders during a vote held in May. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Federal Court gave the go-ahead today for Blackstone&#8217;s purchase of Crown Resorts, clearing the path for a massive $6.2 billion transaction (approximately A$8.9 billion in Australian dollars). Following the court&#8217;s endorsement, Crown promptly initiated the formal acquisition procedures, submitting the court order to the Australian Securities and Investments Commission. What implications does this [&hellip;]<\/p>\n","protected":false},"author":43,"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 Conquers Crown: $8.9 Billion Deal Gets Green Light!<\/title>\n<meta name=\"description\" content=\"The Australian Federal Court just approved Blackstone\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Gets Green Light for $6.2 Billion Crown Resorts Acquisition\" \/>\n<meta property=\"og:description\" content=\"The Australian Federal Court just approved Blackstone\" \/>\n<meta property=\"og:url\" content=\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in Licensed Casino Fun &amp; Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T20:01:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:09:48+00:00\" \/>\n<meta name=\"author\" content=\"Brandon &quot;Blitz&quot; Morris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brandon &quot;Blitz&quot; Morris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/\",\"url\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/\",\"name\":\"Blackstone Conquers Crown: $8.9 Billion Deal Gets Green Light!\",\"isPartOf\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/#website\"},\"datePublished\":\"2024-06-14T20:01:16+00:00\",\"dateModified\":\"2024-06-17T10:09:48+00:00\",\"author\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/#\/schema\/person\/b68d3bf6746d78f38e3cd0a98f0043f2\"},\"description\":\"The Australian Federal Court just approved Blackstone\",\"breadcrumb\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/14\/blackstone-gets-green-light-for-6-2-billion-crown-resorts-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/digits7promocode2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blackstone Gets Green Light for $6.2 Billion Crown Resorts Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/digits7promocode2024.icu\/#website\",\"url\":\"https:\/\/digits7promocode2024.icu\/\",\"name\":\"Immerse Yourself in Licensed Casino Fun &amp; Latest News\",\"description\":\"Stay ahead of the curve with our up-to-date casino news, in-depth game reviews, and informative insights. 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