Lowball Crown bid part of a bigger plan
Its $8bn bid to buy Crown is too low to win approval, but private equity giant Blackstone could be using it as part of another strategy, analysts say.
Crown Resorts
Packer to roll dice on $8bn Crown bid
James Packer is set to make the biggest bet of his life: whether to cash in his Crown Resorts chips now for $3bn or hold out for a higher offer for his casino.
Crown’s property gems put sparkle in takeover play
James Packer has assembled a formidable collection of real estate assets and suitor Blackstone has plans to get the most out of them.
Finkelstein probe key for Crown shareholders
The Victorian state-based royal commission has a tight timeline of August 1 to report on what could potentially be a wide range of issues.
Packer $400m richer by lunch, but sliding down Richest 250 list
The all-powerful Packer family was once Australia’s wealthiest — but iron ore barons and tech unicorns have leapt ahead of James.
Why Packer will want a higher price
Institutional investors may see Blackstone’s Crown offer as close to the mark, but James Packer will be eyeing potential rival bids.
Crown shares surge after Blackstone rolls dice on $8bn bid
The James Packer-backed Crown is in play after Blackstone lobbed an offer, but a major investor ruled out support for the bid.
WA announces terms for Crown royal commission
The West Australian government has set out the terms for the second of the two royal commissions that embattled gaming group Crown will face this year.
Taxpayers ‘won’t foot Crown bill’
Crown could claim significant damages, but the NSW government believes the ‘fundamental terms’ of its deal are now in question.
Grollo v Packer: it’s all a point of view
Court documents reveal developer Daniel Grollo claims he was hung out to dry by Barangaroo bosses’ ‘deceptive’ conduct.
Singapore shows the way
The island nation keeps a tight clamp on its casinos.
James Packer to cut ties with Crown
James Packer goes on the front foot in the wake of the findings of the Crown inquiry, cutting his company’s ties with the board.
Crown needs to ‘blow itself up’
The head of the NSW gaming regulator says Crown ‘needs to blow itself up to save itself’, but hinted at a possible timeline for the casino’s opening.
Why Packer can salvage some solace from the inquiry
As catastrophically bad as it was for billionaire James Packer, the NSW probe into Crown contained some unexpected positives.
Crippling blow to Crown’s $2.2bn casino
A probe into Crown has dealt a crushing blow to its $2.2bn Barangaroo project after damning allegations of bad corporate behaviour.
Gamble brought down with a crash
In the end, Packer’s dreams of rivers of gold from Chinese high rollers turned into a nightmare for him.
Crown’s ivory tower shattered
The stench from the scathing Crown report hadn’t quite reached its dining patrons on Tuesday, but Patricia Bergin didn’t miss in her brutal assessments of its execs and directors.
Star will benefit, but not for long
Star Entertainment Group could benefit from being able to capture more of the high-roller market as Crown’s expansion into Sydney is nobbled.
Original URL: https://www.theaustralian.com.au/topics/crown-resorts/page/2