Western Australia gives conditional nod to Blackstone’s $6.3 billion Crown deal

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Reuters UK

(Reuters) – Australia’s largest casino operator Crown Resorts Ltd said on Friday regulators in the state of Western Australia had cleared its $6.3 billion buyout by private equity giant Blackstone Inc, subject to several strict conditions. The approval follows nods from New South Wales and Victoria this week and clears another hurdle in Blackstone’s path to closing its deal for the company 37% owned by billionaire James Packer. Western Australia’s independent casino regulator and the state’s racing and gaming minister Tony Buti approved the deal subject to “tough” conditions, including additio…

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