Crown Resorts has announced that it accepts Blackstone's $6.3 billion purchase offer.
Crown Resorts, a company that runs casinos in Melbourne and Perth and is preparing to open a new casino on the Sydney waterfront, said it will recommend shareholders accept Blackstone's offer of A$13.10 (US$9.35 or 8 .23 euros) per share at the shareholders' meeting scheduled for mid-year.
We must remember that Blackstone already owns around 10% of Crown and will be taking over a company under the shadow of legal scandals, such as being shown to have knowingly dealt with criminal organizations and then misled authorities about it.
For this reason the Sydney casino's gambling license is suspended and its Melbourne casino must operate with a government appointed supervisor for two years.
The Blackstone deal still needs regulatory approval.
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