the company encountered difficulties with an appeal with the New South Wales Gaming Regulator<\/a><\/em><\/strong> after they refused to hand over documents related to their attempt to increase their stake in Crown.<\/p>\n","protected":false},"excerpt":{"rendered":"Hedge fund giant acquires a 10% stake in Crown Resorts in $550million deal.<\/p>\n","protected":false},"author":2,"featured_media":3407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hedge fund The Blackstone Group has acquired Melco Resorts & Entertainment's 9.99% stake in Australia's Crown Resorts Ltd for $550 million. This transaction, priced at AU$8.15 per share, follows Melco's thwarted attempts to expand its interest in Crown due to regulatory hurdles and the Coronavirus pandemic.","focusai_entities":"The Blackstone Group, Melco Resorts & Entertainment, Crown Resorts Ltd, New South Wales Gaming Regulator","focusai_location":"Australia, US","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Blackstone's Crown Strategy?","query":"What strategic implications does Blackstone's 9.99% stake acquisition have for Crown Resorts' operational direction and capital structure, particularly concerning its gaming verticals and non-gaming assets?"},{"label":"Regulatory Impact?","query":"How will the New South Wales Gaming Regulator's previous scrutiny of Melco's attempts to increase its stake influence the regulatory oversight of Blackstone's new significant ownership in Crown Resorts?"}],"footnotes":""},"categories":[160,16336,28,161],"tags":[289,16237,14657,665],"class_list":["post-6051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-casino-news","category-daily-news","tag-australia","tag-blackstone-group","tag-crown-resorts","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6051","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6051"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6051\/revisions"}],"predecessor-version":[{"id":777008693,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6051\/revisions\/777008693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3407"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}