Blackstone Archives

blackstone-crown-resorts-australia-casino-takeover-talk

Aussie casinos juggle pandemic limits as Blackstone eyes struggling Crown

By Steven Stradbrooke

23 November 2020

Crown Resorts and SkyCity Entertainment juggle pandemic limits at Aussie casinos as Blackstone Group eyes struggling Crown.

crown-resorts-vip-gambling-compliance-failing-culture

Crown VIP gambling a “failure of culture,” Blackstone seeks to raise Crown stake

Casino

By Steven Stradbrooke

12 October 2020

Crown Resorts director Andrew Demetriou tells NSW gambling inquiry that company's VIP gambling compliance shortcomings were "a failure of culture."

Melco might be in trouble as it unloads Crown stake at a huge discount

Casino

By Erik Gibbs

29 April 2020

Melco Resorts and Entertainment sees a rough week that includes executive departures, zero revenue and a desperate attempt to raise funds.

MGM boosts bankroll by $5b via Bellagio, Circus Circus deals

Casino

By Peter Amsel

15 October 2019

MGM Resorts boosts bankroll by around $5b through the sale of Circus Circus casino to Phil Ruffin and the sale of land under Bellagio to Blackstone REIT.

MGM Resorts founder estate sells remaining stake amid leaseback discussions

MGM Resorts founder estate sells remaining stake amid leaseback talks

Casino

By Erik Gibbs

17 September 2019

When Kirk Kerkorian passed away, His will stipulated that the 16.2% stake he maintained in the company be sold, That has continued to happen over the years.