In Australia and the move by American private equity management firm The Blackstone Group Incorporated to purchase Crown Resorts Limited has taken another step towards reality after being approved by gaming regulators for the states of Victoria and New South Wales.
According to a report from the Reuters news service, the around $6.35 billion arrangement was given the green light by the Foreign Investment Review Board in March a month after being signed off by the casino operator’s board of directors. The latest sanctions purportedly mean that the understanding now just needs the okay from authorities in Western Australia where Crown Resorts Limited is responsible for the 1,196-room Crown Perth property.
Preceding problems:
Crown Resorts Limi…