CompaniesGaming & WageringCasinosPrint articleBlackstone to rebuild Crown as takeover ends Packer’s reignElouise FowlerReporterUpdated Jun 24, 2022 – 6.13pm, first published at 2.27pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginUS private equity giant Blackstone has pledged to commit significant capital to rebuild Crown Resorts after completing its buyout of the Packer family’s stricken casino empire for $8.9 billion on Friday.Crown Resorts ended its 15 years on the ASX boards on Friday afternoon, book-ending one of the biggest corporate scandals in Australian history with a $3.26 billion golden parachute for major shareholder James Packer.Loading...Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreCasinosCrown ResortsLatest In Gaming & wageringFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review MagazineAFR Magazine celebrates The Art of MovementLauren Sams‘We don’t want to die wondering’: Jo Horgan on Mecca’s biggest bet yetThis Brisbane restaurant deserves a Michelin starBOSS Financial ReviewThis CEO thought he was healthy. Then he went for a checkSally Patten and Lap PhanHow the Macquarie CEO played a role in setting me up to lead MagellanWhich AI course should I do?Life & LeisureUp your game with this stylish golf kit and Swiss waterproof sneakersEugenie KellyWhy we can’t get enough of the minister of crabsIt’s BYO pyjamas at this chef’s table above the cloudsRich ListSpotlight’s new Anaconda will teach shoppers to fishMichael BlebyPortelli hits fast lane on mooted LMCT+ sale, MacCap takes the wheelInside the fortune Kerry Stokes (quietly) made in China
