{"id":17696,"date":"2021-05-10T10:36:08","date_gmt":"2021-05-10T10:36:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17696"},"modified":"2026-04-23T19:42:46","modified_gmt":"2026-04-23T22:42:46","slug":"crown-receives-acquisition-offer-from-the-star-entertainment","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-receives-acquisition-offer-from-the-star-entertainment","title":{"rendered":"Crown receives acquisition offer from The Star Entertainment"},"content":{"rendered":"\n<p>Crown Resorts has received an AU$12bn (US$9.4bn) offer from Australian casino operator The Star Entertainment.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/james-packer-agrees-to-reduce-influence-over-crown-resorts\">Crown Resorts<\/a>&nbsp;has received a third acquisition offer. After Blackstone and Oaktree, now Australia&#8217;s The Star Entertainment has <strong>made an unsolicited non-binding offer of AU$12bn<\/strong> <strong>(US$9.4bn)<\/strong> for the casino operator.<\/p>\n\n\n\n<p>According to Star Entertainment&nbsp;<strong>a merger of the two major Australian casino operators would create a national tourism and entertainment leader&nbsp;<\/strong>with a world-class portfolio of integrated resorts.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-revenue-up-37-for-january-to-may\">Star Entertainment<\/a>&nbsp;believes the fusion would <strong>deliver between AU$150m to AU$200m of cost synergies&nbsp;<\/strong>per annum with an <strong>estimated net value of AU$2bn<\/strong>.<\/p>\n\n\n\n<p>John O\u2019Neill, Star chairman, said: \u201cThe combined group would be a compelling investment proposition and one of the largest and <strong>most attractive integrated resort operators<\/strong> in the Asia Pacific region.&#8221;&nbsp;<\/p>\n\n\n\n<p>It&#8217;s also been suggested that The&nbsp;<strong>Star Entertainment<\/strong>&nbsp;could help&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/western-australia-begins-royal-commission-into-crown\">Crown Resorts<\/a>&nbsp;solve its regulatory problems faster than Blackstone or Oaktree thanks to its experience as a casino operator in Australia.<\/p>\n\n\n\n<p><strong>Crown Resorts<\/strong>&nbsp;is currently facing an investigation by a Royal Commission in Western Australia, which will decide <strong>if the company is suitable to continue holding a casino gaming licence<\/strong>&nbsp;for Crown Perth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Blackstone raises its bid for Crown Resorts<\/h2>\n\n\n\n<p><strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/blackstone-makes-au8bn-offer-to-acquire-crown-resorts\">Blackstone<\/a><\/strong>, which already has a 10 per cent holding in Crown, originally offered to buy all outstanding shares in Crown Resorts for<strong>&nbsp;AU$11.85 cash per share<\/strong>, but it has since <strong>increased its original bid by AU$0.50 to AU$12.35<\/strong>.<\/p>\n\n\n\n<p>Meanwhile, <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/oaktree-makes-us2-32bn-offer-for-james-packers-crown-shares\">Oaktree<\/a>&nbsp;has made an&nbsp;<strong>unsolicited non-binding offer of AU$3bn for the company<\/strong>.<\/p>\n\n\n\n<p>According to <strong>Fitch Ratings<\/strong>, a sale of&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/blackstone-bid-could-help-crown-keep-sydney-casino-licence\">Crown Resorts<\/a>&nbsp;could allow the casino operator to keep its licence to run its <strong>new casino in Sydney\u2019s Barangaroo district.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crown Resorts has received an AU$12bn (US$9.4bn) offer from Australian casino operator The Star Entertainment.<\/p>\n","protected":false},"author":176,"featured_media":17737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Crown Resorts has received a third acquisition offer, an unsolicited non-binding AU$12bn bid from The Star Entertainment, proposing a merger to create a national tourism and entertainment leader with significant cost synergies. This offer competes with existing bids from Blackstone and Oaktree, with The Star suggesting it could expedite Crown's resolution of ongoing regulatory challenges, including a Royal Commission investigation into its Perth casino license suitability.","focusai_entities":"Crown Resorts, The Star Entertainment, Blackstone, Oaktree, John O\u2019Neill, Fitch Ratings, Royal Commission in Western Australia","focusai_location":"Australia, Western Australia, Sydney, Perth, Barangaroo","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Pathway Impact","query":"How would The Star Entertainment's operational experience in Australia specifically expedite Crown Resorts' resolution of its Western Australian Royal Commission suitability findings, and what precedent might this set for future regulatory interventions in M&A?"},{"label":"Valuation & Synergy Analysis","query":"Beyond the stated AU$150m-AU$200m in annual cost synergies, what are the key revenue synergy opportunities and potential dis-synergies that The Star Entertainment's proposed merger with Crown Resorts presents, and how do these compare to the strategic rationale of the Blackstone and Oaktree bids?"}],"footnotes":""},"categories":[16336,157,158],"tags":[14657,23945,1295],"class_list":["post-17696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-crown-resorts","tag-fa","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17696"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17696\/revisions"}],"predecessor-version":[{"id":17736,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17696\/revisions\/17736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17737"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}