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 Blackstone and Star Entertainment Group rivals to buy Crown Resorts

 
 Australian casino operator Crown Resorts recently received two major offers for a potential takeover after being investigated for money laundering.
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According to Bloomberg, Blackstone has improved its initial offer of two months ago and would pay 8.36 billion Australian dollars. Meanwhile, the Star Entertainment group is proposing a merger that would create an Australian gaming and entertainment giant with a market value of A $ 12 billion ($ 9.4 billion).

It should be noted that as we published in April 2020, Blackstone bought Melco Resorts' stake in the Australian casino operator Crown Resorts, which means that it already owns about 10% of the company, after an investment of 360 million dollars. .

The board evaluates both offers: an immediate profit (Blackstone’s cash offer) or the potential long-term benefits (Star Entertainment Group).

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