Crown Resorts rival, and would-be suitor, The Star Entertainment Group said anti-money laundering agency AUSTRAC has expanded its investigation into the casino operator’s alleged money laundering failures.
The Star said the agency had advised it would be requesting information and documents from the company as part of its investigation. The Star said it takes its anti-money laundering obligations very seriously and will fully co-operate with AUSTRAC in relation to its requests for information and documents and the investigation.The growing investigation by AUSTRAC will be a distraction for The Star as it considers whether to lob another merger offer for Crown.
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Crown Resorts, miners, lead Australian shares to 0.5pc gainThe S&P/ASX 200 Index added 35.5 points to 7474.4 points. Crown closed at $12.65, up 8.8 per cent, and Rio Tinto 4.1 per cent to $111.70.
Source: FinancialReview - 🏆 2. / 90 Read more »
Crown Resorts, miners, lead Australian shares to 0.5pc gainThe S&P/ASX 200 Index added 35.5 points to 7474.4 points. Crown closed at $12.65, up 8.8 per cent, and Rio Tinto 4.1 per cent to $111.70.
Source: FinancialReview - 🏆 2. / 90 Read more »
Blackstone lifts Crown bid to $8.9bBlackstone has increased its takeover offer for Crown Resorts to nearly $8.9 billion after being granted a closer look at the gaming giant’s books.
Source: FinancialReview - 🏆 2. / 90 Read more »
Packer set for $3.3b payday in bittersweet Crown exitGaming billionaire James Packer looks set to walk away with about $3.3 billion in cash and end a 20-year involvement with the Crown Resorts, as a result of a Crown board’s nod to Blackstone’s $8.9 billion takeover offer.
Source: FinancialReview - 🏆 2. / 90 Read more »
Investor support grows for Crown takeoverInvestment powerhouse and long-time major Crown Resorts shareholder Perpetual has thrown its support behind private equity giant Blackstone’s proposed $8.87 billion buyout of the bruised casino group.
Source: smh - 🏆 6. / 80 Read more »
Crown surrenders in the face of private equity giant’s persistenceBlackstone’s fourth offer in less than a year has drawn Crown’s support. There is no guarantee, however, that shareholders will receive the $8.8 billion the US private equity group has foreshadowed.
Source: brisbanetimes - 🏆 13. / 67 Read more »