Australia
Crown Resorts Gets a $7.1 Billion Bid from Wynn Resorts
Crown Resorts in Australia has got a $7.1 billion bid from the Las Vegas based casino giants, Wynn Resorts.
Crown Resorts made a statement about the $7.1 billion (worth 10 billion in Australian Dollars) bid to the Australian Stock Exchange. The Melbourne-based company will be opening a new establishment in Barangaroo, a harbourside in Sydney. Wynn Resorts made a cash-and-scrip offer and Crown is considering it. The news about the takeover increased the price of Crown’s share by a staggering 21 per cent.
According to the deal, Crown Resorts will receive $10.50 on every share, for which Wynn Resorts will pay in stocks and cash. The Melbourne-based company stated that there isn’t any guarantee that the discussions will end with them accepting the offer. The proposal from the Las Vegas casino giants will need regulatory approvals and satisfy other conditions.
-
Africa6 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Industry News3 days ago
Pennsylvania Skill, powered by Pace-O-Matic, congratulates PA Gaming Control Board and casinos on a banner 2024 with record monthly revenue
-
Asia7 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
Latest News3 days ago
FBM Foundation spreads holiday cheer with initiatives in Brazil and the Philippines
-
Australia5 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
eSports6 days ago
GRID Joins IBIA as an Associate Member, Strengthening Esports Integrity
-
Australia7 days ago
Regulating the Game 2025 adds masterclass on safer gambling training and customer care
-
Interviews6 days ago
FTDx Wins Xanada Startup Contest: Unlocking Untapped iGaming Traffic with Innovative Monetization Solutions