American privat equity manajemen firm The Blackstone Grup Incorporated has announced the completion of its $6.35 billion setuju to acquire beleaguered Australian kasino operator Crown Resorts Limited.
The New York-headquartered buyer used an official press release to detil that the arrangement represents its largest historic investment in the Asia-Pacific region and has given it immediate kontrol over the sasaran's trio of kasino resorts encompassing the Crown Sydney, Crown Melbourne and Crown Perth venues.
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The Blackstone Grup Incorporated had already held a 9.9% stake in Crown Resorts Limited and floated its initial takeover proposition in March of last year as the beleaguered operator was undergoing severe government scrutiny in Australia tied to allegations of money laundering. This process resulted in a raft of executive resignations as well as the Sydney-listed firm being refused permission to bring a kasino to its new $1.5 billion Crown Sydney properti, which is a denial that was only provisionally lifted earlier this week.
Metamorphosis moves:
Alan Miyasaki serves as the Asia Head of Real Estate Acquisitions for The Blackstone Grup Incorporated and he used the press release to explain that his enterprise holds a controlling interest in prominent kasino and slot operator Cirsa Gaming Corporation SA, which runs 147 gambling-friendly facilities throughout Spain, Morocco and Latin America, while additionally owing the 4,000-room Aria Resor and Kasino in Las Vegas. The experienced profesional pronounced that his company now intends to work with Crown Resorts Limited so as to transform the firm's three venues ‘into world-class pertunjukan destinations' while bersamaaneously continuing to ensure they operate ‘at the highest standars of compliance, governance and integrity.'
Read a pernyataan from Miyasaki…
"We are thrilled to become the new owner of Crown Resorts Limited and bring our expertise in hospitality to help the company achieve its full potential as a leading travel and leisure company. We look forward to working with the tims at Crown Resorts Limited and applying our pengalaman in owning and operating marquee hospitality brands around the globe with the highest levels of ethics and integrity to create something unique for employees, local communities and pengunjungs."