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A combined entity consisting of The Star Entertainment Group and Crown Resorts would create a behemoth gaming enterprise not just in Australia, but in the wider Asia gaming market, though market observers have flagged a number of regulatory hurdles that could hinder it from ever becoming a reality.
Australia’s Betmakers has trumped two other offers for Tabcorp’s wagering and media business with an A$4 billion ($3 billion) bid, which it claims will be transformational for both parties.
Betmakers Technology has offered to buy the wagering and media assets of Australia's Tabcorp for A$4 billion, topping a $3.5 billion offer by Entain.
Peter Drucker was arguably the most influential management scientist who ever lived. In 1981-82, Drucker articulated his Six Rules of Mergers and Acquisitions. We shall look at each of these six rules and evaluate the proposed Crown-Star merger according to these rules.
The U.K.'s Entain Group has upped its offer for Tabcorp's wagering & media unit by $0.5 billion to $3.5 billion, which analysts at J.P. Morgan estimate is still too low.
Lasseters International Holdings said it has sold its property in Alice Springs, Australia to Iris Capital after 24 years of ownership for A$105 million.
U.S. private equity firm Blackstone has provided more details on its bid for Australian operator Crown Resorts, saying it expects to clear the country’s notoriously tough probity checks by the third quarter of this year.
Evolution Gaming Group said it agreed to buy Australian online slot company Big Time Gaming for EUR450 million ($535 million) in cash and stock.
Moody’s Investors Service has completed a periodic review of Macau’s three U.S. operators, commenting that liquidity is relatively good and their long-term prospects are credit solid despite the hit from Covid.
Australian billionaire James Packer has made a small but potentially significant move in the takeover play for Crown Resorts saying he is open to offers for his 37 percent stake in the operator.