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(Reuters) -Australia's Federal Court approved on Wednesday the $6.3 billion acquisition of the country's largest casino operator Crown Resorts Ltd by U.S. private equity giant Blackstone Inc.
The approval follows nods from state regulators in Western Australia (WA), New South Wales (NSW) and Victoria last week, and gives billionaire James Packer an exit route from the Australian casino firm, beset by scandals and regulatory setbacks, in which he owns a 37% stake.
"Crown will also request that ...
>>> Read more: Australian Federal Court approves Blackstone's $6.3 billion Crown Resorts deal
The approval follows nods from state regulators in Western Australia (WA), New South Wales (NSW) and Victoria last week, and gives billionaire James Packer an exit route from the Australian casino firm, beset by scandals and regulatory setbacks, in which he owns a 37% stake.
"Crown will also request that ...
>>> Read more: Australian Federal Court approves Blackstone's $6.3 billion Crown Resorts deal
