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The Latest Breaking News from Crown Resorts

Court approves $8.9b Crown takeover

The federal court has approved Blackstone's $8.9 billion takeover of Crown Resorts, with James Packer to receive more than $3b from the deal.

AAP · Jun 15, 2022

Federal Court rubberstamps Blackstone takeover of Crown, James Packer to get $3.36b payday

Billionaire businessman James Packer is set to exit Crown Resorts, with the Federal Court approving Blackstone's takeover of the troubled casino operator.

ABC News · Jun 15, 2022

WA regulators back Blackstone's Crown bid

Western Australia's gaming regulators have signed off on the $8.9 billion takeover of Crown Resorts by US private equity giant Blackstone.

AAP · Jun 10, 2022

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Blackstone closes in on Crown Resorts as WA government approves takeover of Perth casino

Blackstone is likely to become the new owner of Perth's casino as the WA government approves the US firm's acquisition of Crown Resorts, but Federal Court approval is still required before the takeover can proceed.

ABC News · Jun 10, 2022

Crown Perth clean-up remains unclear after royal commission report as Blackstone takeover looms

As corporate equity giant Blackstone moves a step closer to its takeover of Crown Resorts, the WA government is keeping its cards close to its chest about how it plans to address money laundering, criminal infiltration and problem gambling at the Perth casino.

ABC News · Jun 9, 2022

NSW gaming regulator finds Blackstone 'suitable' to hold licence for Sydney casino

Corporate equity giant Blackstone is a step closer to its takeover of Crown Resorts after gaming regulators in NSW and Victoria rule it is "suitable" to hold a casino licence.

ABC News · Jun 9, 2022

Crown could secure licence to open Barangaroo casino despite being found unfit by gaming regulator last year

Crown Resorts is on the verge of securing a licence to finally open its Sydney casino 15 months after being deemed "unfit" by the NSW gaming regulator.

ABC News · Jun 3, 2022

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Crown shareholders back Blackstone's $8.9 billion buyout

Crown Resorts shareholders have approved its $8.9 billion takeover by a US private equity firm.

AAP · May 20, 2022

A generation of children increasingly think gambling is inextricably linked with the AFL

Codes say without betting sponsorships we cannot have top-tier play but there is nothing inevitable about having gambling so intertwined with sports

The Guardian - AU · Apr 18, 2022

Regulator launches disciplinary action against Crown Resorts after royal commission findings

Move by the Victorian Gambling and Casino Control Commission is first under new laws under which it can levy fines of up to $100m

The Guardian - AU · Apr 5, 2022

Crown casino facing up to $100m in fines as Victoria's new watchdog launches proceedings

Melbourne's Crown casino faces fines of up to $100 million for a scheme which allowed the illegal transfer of funds from China, Victoria's new gambling watchdog says.

ABC News · Apr 5, 2022

'Spirit' of law mystery to Star manager

A senior manager at Star Entertainment Group says he had no obligation to act within the spirit of the law in line with a casino code of conduct.

AAP · Mar 28, 2022

Crown Perth royal commission finds casino giant unsuitable to hold WA's only gaming licence

The Perth Casino Royal Commission finds Crown Resorts is unsuitable to hold a gaming licence in Western Australia, but stops short of recommending the company lose its permit.

ABC News · Mar 24, 2022

Austrac takes legal action against Crown Resorts, alleging breach of finance laws

Casino company accused of oversight failures leading to 547 breaches of anti-money laundering and counter-terrorism laws

The Guardian - AU · Mar 1, 2022

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The Conversation · Feb 16, 2022

Crown Resorts has sunk so low that private equity is the best option

Private equity companies generally have a reputation for buying “distressed assets” at bargain prices, squeezing as much cash out of them while making them look as profitable as possible, then selling out for a huge profit.

The New Daily · Feb 14, 2022

Crown could escape scrutiny with Blackstone takeover

US private equity group Blackstone looks set to buy the troubled Crown Resorts after Crown accepted an $8.9 billion bid from the $2 trillion giant.

AAP · Feb 13, 2022

Crown seals takeover deal with Blackstone

Global private equity group Blackstone has won the battle to take over Crown Resorts for almost $9 billion, barring no better offer emerging.

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