{"id":27413,"date":"2022-02-21T07:59:23","date_gmt":"2022-02-21T10:59:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27413"},"modified":"2026-04-23T11:11:18","modified_gmt":"2026-04-23T14:11:18","slug":"crown-sydney-may-be-allowed-to-open-gaming-areas-within-weeks","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-sydney-may-be-allowed-to-open-gaming-areas-within-weeks","title":{"rendered":"Crown Sydney may be allowed to open gaming areas within weeks"},"content":{"rendered":"\n

The state regulator has suggested Crown Resorts could be allowed to open the gaming areas at Crown Sydney in the following weeks.<\/p>\n\n\n\n\n\n\n\n

Australia.- Crown Sydney could be close to opening its gaming areas, according to a statement from the state regulator. Crown received a provisional liquor licence<\/a>\u00a0to operate gastronomic areas at the venue from December 28 2020, but the opening of the casino was delayed due to the verdict of New South Wales\u2019 inquiry<\/strong>, which found Crown unsuitable to hold its casino licence.<\/p>\n\n\n\n

A spokesperson for the New South Wales Independent Liquor and Gaming Authority told local media on Friday: \u201cIt is anticipated that the Authority may permit Crown [Resorts Ltd] to commence gaming on a conditional basis in the next few weeks,\u201d <\/p>\n\n\n\n

Don Carducci, an analyst at JP Morgan Australia, had said the opening will see 160 tables<\/a> with the possibility to expand that number in the following months.<\/p>\n\n\n\n

During the presentation of its financial report<\/a>\u00a0for the last six months of 2021, Crown stated: \u201cWhilst no official opening date has been confirmed concerning the opening of gaming in Sydney, Crown is targeting to be in a position to announce the opening of the gaming floor shortly.\u201d<\/p>\n\n\n\n

In the last half,\u00a0Crown Sydney\u00a0<\/strong>made AUD36.1m (US$25.8m) from non-gambling. This was an increase of AUD35.2m (US$25.2m) from H1 2021. The venue was closed for 102 days in the half-year.\u00a0<\/p>\n\n\n\n

Crown Resorts accepts US$6.36bn Blackstone takeover bid<\/h2>\n\n\n\n

After months of negotiations<\/a>, the board of Crown Resorts Ltd<\/strong> has unanimously backed investment firm Blackstone Inc<\/strong>\u2018s offer to acquire all the shares of Crown Resorts in a deal that values the firm at AUD8.9bn (US$6.36bn)<\/strong>.<\/p>\n\n\n\n

Under the latest proposal, Crown Resorts stockholders would be entitled to AUD13.10 (US$9.55) in cash per share<\/strong>. The offer is the fourth that Blackstone has made in 12 months. It previously offered AUD11.85 per share in March last year<\/strong> and AUD12.35 per share in May<\/strong>. <\/p>\n\n\n\n

The deal will need to be cleared by the Foreign Investment Review Board (FIRB)<\/strong> and by gaming regulators in the states where Crown operates.<\/p>\n","protected":false},"excerpt":{"rendered":"

The state regulator has suggested Crown Resorts could be allowed to open the gaming areas at Crown Sydney in the following weeks.<\/p>\n","protected":false},"author":176,"featured_media":25558,"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 Sydney is anticipated to receive conditional approval from the New South Wales Independent Liquor and Gaming Authority to commence gaming operations in the coming weeks, following a prior finding of unsuitability. Concurrently, Crown Resorts' board has unanimously endorsed Blackstone Inc.'s AUD8.9bn takeover bid, a transaction contingent on approvals from the Foreign Investment Review Board and relevant gaming regulators.","focusai_entities":"Crown Resorts, Crown Sydney, New South Wales Independent Liquor and Gaming Authority, JP Morgan Australia, Don Carducci, Blackstone Inc., Foreign Investment Review Board (FIRB)","focusai_location":"Australia, New South Wales, Sydney","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Conditions?","query":"What specific conditions has the New South Wales Independent Liquor and Gaming Authority imposed for Crown Sydney's conditional gaming licence, and how will these impact operational profitability and governance frameworks?"},{"label":"Blackstone's Strategy?","query":"Beyond the acquisition price, what is Blackstone Inc.'s strategic rationale for the Crown Resorts takeover, particularly concerning its long-term investment horizon and potential for asset divestment or operational restructuring?"}],"footnotes":""},"categories":[16336,28,158],"tags":[],"class_list":["post-27413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","category-slider-home"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27413","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=27413"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27413\/revisions"}],"predecessor-version":[{"id":27423,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27413\/revisions\/27423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25558"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}