{"id":252,"date":"2024-06-27T00:33:36","date_gmt":"2024-06-26T21:33:36","guid":{"rendered":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/"},"modified":"2024-06-27T00:33:36","modified_gmt":"2024-06-26T21:33:36","slug":"mgm-resorts-acquires-stake-in-crown-resorts","status":"publish","type":"post","link":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/","title":{"rendered":"MGM Resorts Acquires Stake in Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/0dQF8IO2Seg\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>A top-tier Asian gaming firm, MGM Resorts International, has reached an agreement to acquire a nearly 20% interest in Crown Resorts, an Australian gaming operator, for a price tag of A$1.76 billion.<\/p>\n<p>MGM will acquire 135.35 million shares from CPH Crown Holdings, paying A$13.00 per share, resulting in a total transaction value of approximately A$1.76 billion.<\/p>\n<p>The deal is slated for completion in two phases, with the first closing on June 6 and the second on September 30.<\/p>\n<p>MGM will require approval from gaming authorities in Victoria, Western Australia, New South Wales, and other jurisdictions.<\/p>\n<p>Upon receiving the necessary approvals, MGM intends to seek a seat on the Crown board. MGM may also explore the possibility of acquiring additional shares in Crown Resorts if the initial transaction proves successful. <\/p>\n<p>MGMs head honcho, Pansy Ho, stated: \u201cBoth MGM and Crown are top dogs in crafting fresh and thrilling luxury entertainment experiences for their patrons. We also share a dedication to being leaders in our communities, achieving this through corporate social responsibility initiatives and boosting tourism and local economic growth.<\/p>\n<p>\u201cIn a nutshell, we share a similar core essence in how we perceive our business.<\/p>\n<p>\u201cMoreover, I have personal acquaintance with the Crown management team and eagerly anticipate collaborating with them to further improve Crown\u2019s performance and expansion in Australia, as well as the allure of Crown properties for global clientele.\u201d<\/p>\n<p>CPH Crown Holdings, also known as Consolidated Press Holdings, is the private investment vehicle of Australian tycoon James Packer. If the transaction goes through, CPH and Packer will retain about a quarter of the remaining shares in Crown, valued at approximately A$2.3 billion.<\/p>\n<p>The agreement comes just days after Las Vegas casino behemoth Wynn Resorts declared it was withdrawing from acquisition discussions after announcing its intention to acquire Crown Resorts.<\/p>\n<p>Wynn stated that preliminary discussions about the potential A$10 billion deal were prematurely revealed, leading to the decision to terminate the talks.<\/p>\n<p>Sign up for the iGaming Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top-tier Asian gaming firm, MGM Resorts International, has reached an agreement to acquire a nearly 20% interest in Crown Resorts, an Australian gaming operator, for a price tag of A$1.76 billion. MGM will acquire 135.35 million shares from CPH Crown Holdings, paying A$13.00 per share, resulting in a total transaction value of approximately A$1.76 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Resorts Acquires Stake in Crown Resorts<\/title>\n<meta name=\"description\" content=\"MGM Resorts International is acquiring a 20% stake in Crown Resorts for A$1.76 billion, expanding its presence in the Asian gaming market.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts Acquires Stake in Crown Resorts\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts International is acquiring a 20% stake in Crown Resorts for A$1.76 billion, expanding its presence in the Asian gaming market.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Dreams Become Reality | Secure &amp; Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T21:33:36+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/\",\"url\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/\",\"name\":\"MGM Resorts Acquires Stake in Crown Resorts\",\"isPartOf\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-26T21:33:36+00:00\",\"dateModified\":\"2024-06-26T21:33:36+00:00\",\"author\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"MGM Resorts International is acquiring a 20% stake in Crown Resorts for A$1.76 billion, expanding its presence in the Asian gaming market.\",\"breadcrumb\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/mgm-resorts-acquires-stake-in-crown-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/clubplayernodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MGM Resorts Acquires Stake in Crown Resorts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/clubplayernodepositbonuscodes.icu\/\",\"name\":\"Where Casino Dreams Become Reality | Secure &amp; Licensed Games\",\"description\":\"Unlock the secrets of casino success through our fresh news, honest game reviews, and informative insights. 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