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.
New royal commission piles pressure on Crown
WA’s inquiry into Crown Resorts’ Perth casino licence follows a damning NSW probe, and Victoria’s royal commission.
WA bans Crown from using junkets
The WA government has told Crown Resorts it cannot use junkets to attract VIP players, ahead of an inquiry into the Packer-backed gaming giant.
‘Force Packer to offload Crown stake’
A former director of the company that built Crown’s Melbourne casino has called for regulators to force James Packer to sell down his shareholding in Crown Resorts.
Saint Helen’s wheel of fortune
There are understandably questions among investors about the former Howard government minister’s ability to run a business as complex as Crown.
New Crown probe deals Packer tough hand
Any move by James Packer to sell down his holding in Crown is set be further delayed, as WA launched its own casino probe.
Crown faces new casino inquiry
Crown says it will cooperate with a WA inquiry into its Perth casino licence, as the fallout from a Sydney probe widens.
‘Stern’ action flagged in state’s Crown crisis
WA regulators are under pressure to act after it emerged that the chief casino officer was a close friend of two of Crown’s legal and compliance team.
Inside story: The race to save Packer’s casino empire
As the company she chairs grew increasingly besieged, by Thursday afternoon, the normally collaborative Helen Coonan needed to change her tone.
Coonan positioned to steer Crown after Barton exits
Crown Resorts is positioning to name Helen Coonan as executive chairman, replacing CEO Ken Barton, as the casino company’s board meets.
Demetriou out in Crown overhaul, CEO set to follow
Crown Resorts director Andrew Demetriou has resigned and chief executive Ken Barton is also expected to formally step down.
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