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Blackstone has acquired a nearly 10% stake in Australia's Crown Resorts from Melco Resorts & Entertainment for around A$551.6 million (about $361 million). Crown is an operator of casinos and...
Light on debt and cash rich, Macau's Galaxy Entertainment <0027.HK> is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business.
Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Having enjoyed robust earnings growth in
HONG KONG — Light on debt and cash rich, Macau’s Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Such a jolt co…
Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Having enjoyed robust earnings growth in

Lawrence Ho's murky trail of red ink

06:51am, Thursday, 30'th Apr 2020
Melco's exit from Crown leaves a whodunit, a bucket of red ink and further questions for casino inquiry.

Crown property could be worth $5.6b

10:23pm, Wednesday, 29'th Apr 2020
Crown's property portfolio could be worth as much as $5.6 billion if new shareholder Blackstone was to push for it to be monetised, Citi says.
The sale of Lawrence Ho's share in Crown may open the door to split the company's property assets into a separate vehicle worth as much as $4 billion.

Deals of the day-Mergers and acquisitions

10:00am, Wednesday, 29'th Apr 2020
The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee's billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group."I've had I don't know how many
Blackstone Group Inc. (NYSE: BX), a private equity company, has purchased a 10% stake in Australia based casino operator Crown Resorts, leading to a sharp spike in Crown's shares.What Happened Blackst
Ardevora Asset Management LLP grew its position in Melco Resorts & Entertainment Limited (NASDAQ:MLCO) by 13.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned
Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau's Melco Resorts & Entertainment Ltd , sending Crown shares soaring amid h
SYDNEY/BENGALURU — Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau’s Melco Resorts & Entertainment Ltd…
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