Day: 13 January 2022

Crown Resorts’ Board Likely to Back Sweetened AU$8.9-Billion Takeover Bid of Blackstone

Thu 13 Jan 2022 10.15 Olivia Cole
Crown Resorts’ Board Likely to Back Sweetened AU$8.9-Billion Takeover Bid of Blackstone

Blackstone Inc got one step closer to being successful in its pursuit of the Australian gambling giant Crown Resorts. The US private equity firm, which already holds a 9.9% stake in Crown Resorts once again boosted its takeover offer for the gambling company to AU$13.10 per share, with the overall offer estimated at AU$8.9 billion. Its previous offer, which was made in November 2021, has valued the troubled Australian gambling operator at AU$12.50 a share. Earlier today, Crown Resorts announced that its board is now likely to vote in favour…

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Irish Gambling Regulator Rejects National Lottery Operator’s Request for Implementation of “Must-Win” Draw after Long Non-Winning Streak

Thu 13 Jan 2022 6.03 Daniel Williams
Irish Gambling Regulator Rejects National Lottery Operator’s Request for Implementation of “Must-Win” Draw after Long Non-Winning Streak

A request for a so-called “must-win” draw in the National Lottery of Ireland that has followed an unprecedented series of draws with no jackpot win was put on hold. According to reports, in December 2021, the operator of the country’s National Lottery, Premier Lotteries Ireland, sought from the Office of the Lottery Regulator to impose the aforementioned measure after a streak of more than 50 lottery draws without a jackpot win. The unprecedented rollover streak without a jackpot winner has continued into 2022, with the jackpot now having not been…

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