{"id":73,"date":"2024-06-13T09:05:17","date_gmt":"2024-06-13T06:05:17","guid":{"rendered":"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/"},"modified":"2024-06-17T13:09:58","modified_gmt":"2024-06-17T10:09:58","slug":"blackstone-receives-court-approval-for-crown-resorts-acquisition","status":"publish","type":"post","link":"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/","title":{"rendered":"Blackstone Receives Court Approval for Crown Resorts Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/DS228xW1XBU\"\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 its approval today for Blackstone to acquire Crown Resorts, a transaction with a substantial value of A$8.9 billion (US$6.2 billion).  With this last obstacle overcome, the purchase is expected to be completed shortly.<\/p>\n<p>Following the court&#8217;s authorization, Crown Resorts submitted the formal court decree to the Australian Securities and Investments Commission, solidifying the acquisition. Consequently, trading of Crown Resorts stock will cease after today&#8217;s market close, and shareholders will receive full compensation for each share held.  However, Crown&#8217;s subordinated notes (traded under &#8216;CWNHB&#8217;) will remain active on the ASX.  Furthermore, Crown Resorts will be delisted from the S&#038;P\/ASX 200 Index prior to the market opening on Monday, June 20th.<\/p>\n<p>This judicial go-ahead follows regulatory approvals Blackstone secured from both the Victorian Gambling and Casino Control Commission (VGCCC) and the New South Wales Independent Liquor &#038; Gaming Authority (ILGA) earlier this month.  Both authorities stressed the significance of bolstering casino supervision and preserving Crown&#8217;s status as a leading entertainment venue in Australia.<\/p>\n<p>The arrangement is scheduled to take effect on June 24th, with shareholders as of Friday, June 17th, receiving A$13.10 in cash for each share. <\/p>\n<p>Blackstone&#8217;s quest to acquire Crown Resorts had been brewing for a while, reaching its peak with a triumphant acquisition in 2021. Following a period of extended negotiations, their determination proved fruitful, as an enhanced proposition ultimately swayed the Crown directors.  Investors largely echoed the board&#8217;s perspective, solidifying the agreement by that years May. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Federal Court gave its approval today for Blackstone to acquire Crown Resorts, a transaction with a substantial value of A$8.9 billion (US$6.2 billion). With this last obstacle overcome, the purchase is expected to be completed shortly. Following the court&#8217;s authorization, Crown Resorts submitted the formal court decree to the Australian Securities and Investments [&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 Wins Crown Resorts: A$8.9 Billion Deal Gets Court Nod<\/title>\n<meta name=\"description\" content=\"The Australian Federal Court greenlit 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\/13\/blackstone-receives-court-approval-for-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 Receives Court Approval for Crown Resorts Acquisition\" \/>\n<meta property=\"og:description\" content=\"The Australian Federal Court greenlit Blackstone\" \/>\n<meta property=\"og:url\" content=\"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-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=\"2024-06-13T06:05:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:09:58+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\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/\",\"url\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/\",\"name\":\"Blackstone Wins Crown Resorts: A$8.9 Billion Deal Gets Court Nod\",\"isPartOf\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/#website\"},\"datePublished\":\"2024-06-13T06:05:17+00:00\",\"dateModified\":\"2024-06-17T10:09:58+00:00\",\"author\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/#\/schema\/person\/b68d3bf6746d78f38e3cd0a98f0043f2\"},\"description\":\"The Australian Federal Court greenlit Blackstone\",\"breadcrumb\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/blackstone-receives-court-approval-for-crown-resorts-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/digits7promocode2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blackstone Receives Court Approval for 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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