The Victorian and NSW casino watchdogs have both given the green light to Blackstone’s $8.9 billion takeover of Crown Resorts, with the third and final state-based regulator in Western Australia expected to approve it within weeks.
It all but clears the way for the buyout after Crown shareholders – including billionaire James Packer – overwhelmingly voted for it at a scheme meeting last month. A court date to ratify the deal is not yet set, as the casino giant waits on the approval of the WA’s Gaming and Wagering Commission (GWC).