• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 24 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Crown shareholder vote on Blackstone acquisition postponed

Ben Blaschke by Ben Blaschke
Wed 27 Apr 2022 at 05:27
Crown’s internal AML controls described by inquiry judge as a “debacle”
15
SHARES
376
VIEWS
Print Friendly, PDF & Email

A meeting of Crown shareholders to vote on the company’s proposed acquisition by The Blackstone Group has been postponed by almost a month with the US private equity firm yet to receive approvals from state regulators.

Crown told the ASX on Tuesday that, “while good progress has been made [by Blackstone] in obtaining the gaming regulatory approvals required … those approvals have not yet been obtained by Blackstone.” As such, a scheme meeting originally scheduled for 29 April 2022 has been rescheduled to 20 May 2022.

As previously reported by Inside Asian Gaming, the proposed acquisition has already been approved by the Australian government’s Foreign Investment Review Board (FIRB).

Crown continues to urge its shareholders to agree to Blackstone’s proposal to acquire all shares in the Australian casino giant for AU$8.9 billion (US$6.5 billion), equivalent to AU$13.10 per share.

Blackstone already holds a 9.99% stake in Crown which it acquired from Melco Resorts & Entertainment in April 2020. Melco had purchased the 9.99% stake from James Packer’s Consolidated Press Holdings a year earlier but backed out of a deal to purchase a second tranche after regulators in New South Wales launched an independent inquiry, which in February 2021 ultimately led to the NSW regulator finding Crown unsuitable to hold a NSW casino license.

Blackstone was one of two major international investment groups to express an interest in Crown in 2021, the other being Oaktree Capital Management, while rival casino operator Star Entertainment Group withdrew a merger proposal in July.

RelatedPosts

Delays in game approvals see Ainsworth revise revenue target down

Novomatic and Kjerulf Ainsworth both increase holdings as battle for control of Ainsworth Game Technology continues

Mon 22 Sep 2025 at 05:17
Renowned gaming lawyer Jamie Nettleton to represent IMGL on Judging Panel for inaugural RTG Global Awards

Regulating the Game to launch Industry Spotlight Sessions at 2026 Sydney conference

Mon 22 Sep 2025 at 04:56
Entain Australia and New Zealand CEO Andrew Vouris announced as Featured Speaker at Regulating the Game 2026

Entain Australia and New Zealand CEO Andrew Vouris announced as Featured Speaker at Regulating the Game 2026

Sun 14 Sep 2025 at 11:33
Aristocrat in leadership shakeup with former Light & Wonder exec Dylan Slaney to lead online unit, Barry French taking over corporate affairs

Aristocrat in leadership shakeup with former Light & Wonder exec Dylan Slaney to lead online unit, Barry French taking over corporate affairs

Fri 12 Sep 2025 at 07:20
Load More
Tags: acquisitionAustraliaCrown Resortsregulatory approvalThe Blackstone Group
Share6Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Philippines gaming tech firm DigiPlus files license applications with South African regulator

Philippines gaming tech firm DigiPlus files license applications with South African regulator

by Newsdesk
Wed 24 Sep 2025 at 13:32

Philippines gaming technology giant DigiPlus Interactive Corp says it has formally filed license applications with South Africa’s Western Cape Gambling and Racing Board (WCGRB) as it looks to continue its recent global expansion efforts. Two months after first revealing its...

Trade union warns massively increased casino pokies tax in NSW will cost jobs

NSW regulator says The Star Sydney’s casino license to remain suspended for another six months

by Ben Blaschke
Wed 24 Sep 2025 at 11:04

The Star Sydney’s casino license will remain suspended for at least the next six months after the NSW Independent Casino Commission (NICC) deemed the suspension should stay in place for the time being. The term of Nick Weeks, who was...

Asia market roundup

INSPIRE targets Chinese market with launch of new WeChat Mini Program

by Newsdesk
Wed 24 Sep 2025 at 09:59

Korea’s INSPIRE Entertainment Resort has launched a WeChat Mini Program aimed at providing a more convenient and seamless digital service experience for visitors to the property from China. Strategically introduced ahead of the upcoming October National Day Golden Week holiday,...

Macau’s DICJ oversees successful closure of Melco Resorts satellite Grand Dragon Casino

Macau’s DICJ oversees successful closure of Melco Resorts satellite Grand Dragon Casino

by Newsdesk
Wed 24 Sep 2025 at 05:37

Macau’s Gaming Inspection and Coordination Bureau (DICJ) confirmed Tuesday that Grand Dragon Casino – the satellite casino operated under the license of Melco Resorts & Entertainment – had successfully completed its permanent closure. In a statement, the DICJ said it...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English