Potential Blackstone Acquisition of Crown Resorts Could Face Serious Regulatory Hurdles

Potential Blackstone Acquisition of Crown Resorts Could Face Serious Regulatory Hurdles

The major suitor for Crown Resorts’ assets may have to deal with heavy new regulations imposed on the Melbourne property of the Australian gambling giant in case the Victorian government decides to act on findings from its unfavourable report of the local Royal Commission into the group. The US-based private equity firm is currently finalising due diligence on its proposed AU$8.9-billion acquisition of Crown Resorts. As Casino Guardian reported about a week ago, the board of the Australian casino group noted that it is likely to support a sale in…

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Tim Costello Scolds the AFL for Compromising and Corrupting the Sport Through Crypto.com Partnership Deal

Tim Costello Scolds the AFL for Compromising and Corrupting the Sport Through Crypto.com Partnership Deal

The long-time anti-gambling advocate from Alliance for Gambling Reform Tim Costello criticised the Australian Football League (AFL) for “corrupting the sport” through its deal with a company that trades with cryptocurrency. Mr Costello further shared that the League has what he described as “utterly immoral form” and is compromising the sport with agreements such as its sponsorship deal with Crypto.com. The controversial sponsorship deal is worth AU$25 million. On January 18th, the AFL officially announced a landmark 5-year deal with the cryptocurrency company Crypto.com, which has been unveiled as a…

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