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Australian on line casino operator Crown Resorts mentioned it accepted Blackstone’s (NYSE:BX) takeover proposal that values the corporate at A$8.9B (US$6.3B).
Beneath the deal phrases, Crown shareholders will obtain A$13.10/share in money, with a vote anticipated throughout Q2.
Crown has been the topic of assorted regulatory investigations; the gaming regulator in New South Wales state mentioned Crown was not appropriate to function a brand new on line casino in Sydney upon discovering that financial institution accounts at Crown subsidiaries have been used to launder cash.
Blackstone nonetheless raised its bid for Crown a number of occasions since initially providing A$11.85/share almost a 12 months in the past.
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