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1611 results for "australia"
Crown Resorts Rejects ‘Too Low’ $6.5B Blackstone Bid
Crown Resorts has rebuffed the takeover advances of US private equity giant Blackstone . A regulatory investigation into Crown’s much-criticized VIP businesses practices got underway in the State of Victoria on Monday....
Crown Resorts Bidding War Intensifies, as Aussie Casino Giant Names New CEO
Crown Resorts has two offers on the table for its casino business in Australia. The seekers are The Star Entertainment Group and Blackstone Group. Blackstone, the private equity business of billionaire Stephen...
Apollo Lack of Sportsbook Experience Could Be Hurdle in Tabcorp Bid, Say Analysts
Last week, Apollo Global Management (NYSE:APO) upped its bid for Tabcorp’s betting and media businesses to $3.1 billion. But some analysts believe the private equity firm's dearth of direct sportsbook operational experience...
Apollo Makes $3.1 Billion Offer for Tabcorp Assets, Topping Entain Bid
Apollo Global Management (NYSE:APO) is making another run at Tabcorp’s betting and media businesses. It is offering nearly $3.1 billion for the Australian company's sought-after assets, while topping a recently revised bid...
Goa Casinos Shuttered This Weekend, India Overwhelmed By COVID-19 Crisis
Casinos in India’s upscale resort district of Goa remain closed this weekend under a government-ordered lockdown to curb the deadly spread of coronavirus. The nation is shattering records, given the number of...
Eight-Year Ban for Jockey Who Rode Under False Name, Bet Against Himself
A jockey who changed his name by deed poll so he could bet on his own races has been banned from the sport for eight years by the racing authority in Australia’s...
Oaktree Capital Offer Would Buy James Packer Out of Crown Resorts for $2.3 Billion
Oaktree Capital Management wants to help Crown Resorts buy out its biggest shareholder, James Packer. Crown announced Monday morning that the private equity giant has proposed funding a A$3 billion (US$2.3 billion)...
Delaware North Selling Jake’s 58 Casino on Long Island for $120M to Suffolk OTB
Delaware North is selling Jake's 58 Casino Hotel on Long Island to the company that has long been operating its gaming machines. Newsday, a daily media outlet covering the Long Island counties...
Melco Resorts Awards Billionaire Founder and CEO Lawrence Ho $10M Bonus
Melco Resorts, a Hong Kong-based casino operator with properties in Macau, Philippines, and Cyprus, has awarded its founder, Chairman and CEO Lawrence Ho, with restricted stock compensation valued at approximately $10 million....
MGM, Wynn Resorts Hunting for Big-Time Development Opportunities, Says Moody’s
MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN) will mull new, large-scale development opportunities around the world. That could result in the operators taking on significant debt, according to Moody's Investors Service....