{"id":17808,"date":"2021-05-12T16:12:36","date_gmt":"2021-05-12T16:12:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17808"},"modified":"2026-04-23T19:38:00","modified_gmt":"2026-04-23T22:38:00","slug":"another-contender-could-enter-the-bidding-for-crown-resorts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/another-contender-could-enter-the-bidding-for-crown-resorts","title":{"rendered":"Another contender could enter the bidding for Crown Resorts"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">CC Land Holdings, a Hong Kong real-estate development, is reported to be interested in bidding for Crown Resorts.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- Following The Star Entertainment<strong>&#8216;s unsolicited non-binding offer of AU$12bn<\/strong>\u00a0<strong>(US$9.4bn)<\/strong>\u00a0for Crown Resorts, The Australian newspaper has revealed\u00a0that <strong>a new suitor could enter the fray<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>CC Land Holdings<\/strong>, a Hong Kong real-estate development firm that is 70 per cent owned by property tycoon CK Cheung, is reportedly interested in making an offer for the casino operator.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, a deal may not be easy for CC Land Holdings, mainly due to the\u00a0<strong>complex situation between Australia and China\u00a0<\/strong>owing to political strains between the two countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are currently three firm bidders for Crown Resorts. Blackstone Group has recently increased its original bid from\u00a0<strong>AU$11.85 cash per share to AU$12.35<\/strong> while <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/crown-receives-acquisition-offer-from-the-star-entertainment\">The Star Entertainment<\/a>\u00a0made an unsolicited non-binding offer of AU$12bn (US$9.4bn). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The third contender is <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/oaktree-makes-us2-32bn-offer-for-james-packers-crown-shares\">Oaktree Capital Management<\/a>, which made an\u00a0<strong>unsolicited non-binding offer of AU$3bn for the company<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Blackstone has clarified that it won\u2019t move ahead if <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/blackstone-adds-conditions-to-crown-resorts-bid\">Crown\u2019s existing licences<\/a>\u00a0are suspended or if its New South Wales licence is not granted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CC Land Holdings, a Hong Kong real-estate development, is reported to be interested in bidding for Crown Resorts.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Multiple entities are vying for Crown Resorts, an Australian casino operator, with CC Land Holdings reportedly joining Blackstone Group, The Star Entertainment, and Oaktree Capital Management as potential bidders. The acquisition process is complicated by regulatory conditions, particularly concerning Crown's existing and prospective licenses, and geopolitical tensions between Australia and China, which could impact foreign investment.","focusai_entities":"CC Land Holdings, Crown Resorts, The Star Entertainment, Blackstone Group, Oaktree Capital Management, CK Cheung, The Australian","focusai_location":"Australia, Hong Kong, China, New South Wales","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Geopolitical Impact","query":"How might the escalating political tensions between Australia and China specifically complicate the regulatory approval process for CC Land Holdings' potential bid for Crown Resorts, particularly concerning B2C licensing and probity assessments?"},{"label":"Valuation & Synergies","query":"Beyond the stated bid values, what are the key strategic synergies and long-term GGR\/NGR growth projections that each suitor (Blackstone, Star, Oaktree, CC Land) is likely factoring into their valuation models for Crown Resorts, considering its current regulatory challenges?"}],"footnotes":""},"categories":[16336,157,158],"tags":[14657,23945],"class_list":["post-17808","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","category-slider-home","tag-crown-resorts","tag-fa"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17808","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=17808"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17808\/revisions"}],"predecessor-version":[{"id":17820,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17808\/revisions\/17820"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}