CWN News: Crown-Blackstone Deal's Prospect Hangs Subject To Regulatory Approval - 20th May 2022, 9:59pm

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Blackstone Inc's (NYSE: BX) $6.3 billion buyout of Crown Resorts Ltd (OTC: CWLDY) got delayed pending regulatory approval despite positive shareholder approval, Reuters reports. Gambling regulators in New South Wales, Victoria, and Western Australia found the Crown unfit to hold gaming licenses at different times. Crown's license for the flagship A$2.2 billion casino skyscraper in Sydney remains suspended over a year after it was due to open. Its Melbourne casino has been operating with a govern...

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