Blackstone Acquires Crown Resorts in Landmark Deal

The Investment Behemoth Blackstone Acquires Crown Resorts

In a significant move within the Asia-Pacific market, the investment powerhouse Blackstone has finalized its purchase of Crown Resorts. This acquisition encompasses Crown’s most prized assets: three renowned integrated resorts situated in Melbourne, Perth, and Sydney.

“We are delighted to bring Crown Resorts into the Blackstone fold,” remarked Alan Miyasaki, a prominent figure in Blackstone’s real estate division. “We recognize the vast possibilities within these establishments and are certain that our proficiency in the hospitality industry will be instrumental in realizing their full potential.” He continued, “From the outset, we saw the promise in Crown and its devoted workforce, and we are eager to collaborate with them.”

Blackstone underscored its dedication to working in conjunction with Crown’s current leadership and personnel. The objective is unambiguous: to elevate these resorts to premier entertainment venues while maintaining the utmost levels of regulatory adherence and ethical management.

Steve McCann, the Chief Executive Officer of Crown Resorts, expressed his excitement, proclaiming, “This marks a new chapter for Crown Resorts and our 20,000-strong team as we become part of the Blackstone family.”

The company has experienced a substantial evolution lately. We are certain that with Blackstone at the helm, they will realize their goal of providing an unparalleled entertainment offering, prioritizing security and accountability.

Tourism in Australia is demonstrably rebounding, and we are optimistic that this upward trend will persist. Over almost thirty years, Crown has cultivated a devoted clientele due to its remarkable venues. It is wonderful to witness the resurgence of Melbourne and Perth, and with the inclusion of Sydney, the outlook is exceptionally promising.

Backed by Blackstone’s financial support and proficiency, Crown is strategically situated to cement its standing as a global frontrunner in the integrated resort sector.