Unfit to operate: A pedestration walks past the Crown Casino in Melbourne. Crown was last month found unfit to run its new Sydney casino after years of money laundering at other properties. — AFP
NEW YORK: Blackstone Group Inc offered to buy Crown Resorts Ltd in an A$8.02bil (US$6.2bil or RM25.5bil) deal, pouncing on the troubled Australian casino operator while it’s under assault from domestic regulators.
The New York-based private equity firm, which already owns 10% of Crown, bid A$11.85 a share in cash for the rest of the company, Crown said. Crown said it is assessing the proposal, sending its stock soaring 20% to A$11.87 in afternoon trading in Sydney.
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