Friday, June 18, 2021
Don Carducci

Interview with Don Carducci: Bidders for Crown, will we see a winner?[video]

Asia Gaming Brief Asia Editor Felix Ng sits down with JP Morgan Equity Research Analyst Don Carducci about some of the recent bids for Crown Resorts’ shares, as well as a surprise merger proposal from rival casino operator The Star Entertainment Group. 
Crown logo

Opportunistic Crown bidders will stumble: JP Morgan

Opportunistic bidders hoping to capitalize on fears that Crown won’t be granted a NSW license may have to reassess what they’ve put on the table, following an ILGA announcement that Crown would be on track to open its Sydney casino operations by October.
Hong Kong, Crown resorts

HK real estate firm could throw hat in ring for Crown

Sources are pointing at another potential suitor for Crown Resorts’ shares, Hong Kong-listed CC Land Holdings. 
Crown-Sydney-Property

Blackstone ups bid for Crown

Private equity firm Blackstone has revised its proposal to buy out all of the shares in Crown, with a $12.35 cash per share bid, representing a $0.50 increase from its initial offer made in March this year. 
Caesars Ent completes acquisition of William Hill

Caesars Ent completes acquisition of William Hill

U.S. casino operator Caesars Entertainment has announced the completion of its acquisition of William Hill for approximately $4 billion. 
Crown-Resorts

Oaktree offers $3b funding for Crown to buy Packer stake

Crown Resorts said a group of funds advised by Oaktree Capital Management has offered to help the company by buying back up to $3 billion worth of shares held by James Packer’s Consolidated Press Holdings.

Blackstone buys Japanese hotels, including near Osaka Yumeshima

Blackstone, now bidding for ownership of Crown Resorts, has announced a binding agreement to buy eight hotels in Japan from Kintetsu Group Holdings, including one very close to Yumeshima in Osaka, expected to become host to its own major IR.

Star not expected to enter Crown bidding war

Star Entertainment has reportedly decided to stay clear of any effort to join a bidding war to gain control of troubled Crown Resorts.
Blackstone makes A$8 billion bid for Crown Resorts

Blackstone makes A$8 billion bid for Crown Resorts

Crown Resorts has confirmed it has received an unsolicited, non-binding, indicative proposal from The Blackstone Group Inc to buy out all of its shares in an A$8 billion deal. 

Fox may take a bite out of Tabcorp

The Murdoch family’s US media business Fox Corporation has been working with other investors on a potential bid for parts of ASX-listed gaming operator Tabcorp, reports the Sydney Morning Herald.

TRENDING ARTICLES

The 13 Hotel

South Shore Holdings sees resignation of three directors

South Shore Holdings Limited, the owner and operator of The 13, has announced the resignation of three independent non-executive directors with effect from May 18, 2021.
Lynn McCreary

Sportradar Appoints Lynn S. McCreary as Chief Legal Officer

Sportradar, a leading global provider of sports betting and sports entertainment products and services, announced the appointment of Lynn S. McCreary as Chief Legal Officer. 

Regulators barely have a seat at the table [video]

Asia Gaming Brief asia editor Felix Ng catches up with former gaming regulator Paul Newson, Principal at Senet Advisory about how the pandemic, and recent royal commissions have sparked change in the approach to gaming regulation in Australia.
RWLV Genting

RWLV going cashless sets benchmark for wider industry

Resorts World Las Vegas’ new casino floor, which opens on June 24, is set to feature cashless gaming and smart tables using RFID chips.