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Eyes on WA as Victoria, NSW green-light $8.9b Crown buyout

Lucas Baird
Lucas BairdReporter

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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).

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/games-and-wagering/8-9b-crown-bid-gets-backing-of-victorian-regulator-20220609-p5asfn