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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…

Hotels, gaming are Blackstone's bread and butter

03:26am, Wednesday, 29'th Apr 2020
If there's one deal that Crown Resorts' brand new shareholder is renowned for globally, it is hotels chain Hilton Worldwide Hotels.
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 ho

Ho sells Crown stake as virus smashes Macau

01:59am, Wednesday, 29'th Apr 2020
Billionaire Lawrence Ho has given up any hope of building a foothold in Australia’s casino sector after being hit by Macau's COVID-19 shutdown.
29 Apr 2020 - Casino operator Crown Resorts (ASX:CWN) has been informed that an entity owned by funds managed or advised The Blackstone Group Inc. and its affiliates has purchased shares in Crown.
(Bloomberg) -- Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee Ltd.’s billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group AG.“I�
Australian shares advanced on Wednesday as risk sentiment improved on phased easing of coronavirus-driven lockdowns around the world, while Crown Resorts surged 12% after Blackstone bought a stake in
Australia's Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought all of its shares held by Macau casino operator Melco Resorts & Entertainment Ltd , sendin
Australia’s Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought all of its shares held by Macau casino operator Melco Resorts & Entertainment…
(Adds price of share sale, Melco's holding, background)
Australia's Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought some of its shares from Macau casino operator Melco Resorts & Entertainment Ltd.
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...

The wait goes on in Macau for traffic recovery

06:51pm, Tuesday, 28'th Apr 2020
Visitor arrivals to Macau fell by 94% in March to 212,311, according to a release from the city's Statistics and Census Service.A ban in Macau of visitors from overseas and a 14-day quarantine on most
Melco (MLCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Melco (MLCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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