Previous Close | 12.82 |
Open | 12.82 |
Bid | 12.84 x 88100 |
Ask | 12.85 x 182600 |
Day's Range | 12.82 - 12.90 |
52 Week Range | 8.47 - 13.07 |
Volume | |
Avg. Volume | 3,836,054 |
Market Cap | 8.695B |
Beta (5Y Monthly) | 0.95 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.50 |
Earnings Date | Feb 16, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Mar 19, 2020 |
1y Target Est | 12.34 |
Subscribe to Yahoo Finance Plus to view Fair Value for CWN.AX
Blackstone Inc's (NYSE: BX) $6.3 billion buyout of Crown Resorts Ltd (OTC: CWLDY) got delayed pending regulatory approval despite positive shareholder approval, Reuters reports. Gambling regulators in New South Wales, Victoria, and Western Australia found the Crown unfit to hold gaming licenses at different times. Crown's license for the flagship A$2.2 billion casino skyscraper in Sydney remains suspended over a year after it was due to open. Its Melbourne casino has been operating with a govern
Crown Resorts Ltd's shareholders approved a $6.3 billion buyout by Blackstone Inc on Friday, but the deal faces further delays as it awaits nods from the regulators of states where the troubled casino operator ran its businesses. Crown's Chairman Ziggy Switkowski said the company would delay a conclusive Federal Court hearing - earlier scheduled for next week - to week starting June 6, as it was unsure of securing regulatory assent before that. The success of the deal with the U.S. private equity giant could give billionaire James Packer an out from the beleaguered Australian casino firm hit by scandals and regulatory setbacks and draw the curtain on one of Australia's most storied business dynasties.
Crown Resorts Ltd's shareholders approved a $6.3 billion buyout by Blackstone Inc on Friday, but the deal faces further delays as it awaits nods from the regulators of states where the troubled casino operator ran its businesses. Crown's Chairman Ziggy Switkowski said the company would delay a conclusive Federal Court hearing - earlier scheduled for next week - to week starting June 6, as it was unsure of securing regulatory assent before that. In the scheme meeting, 92.1% Crown shareholders voted in favour of the deal, while 99.9% of the votes were in approval.