Australia’s Federal Court approves Blackstone’s $6.3 billion Crown Resorts deal

2022.06.15 06:20

FILE PHOTO: Crown Resorts Ltd’s flagship tower nears completion at Barangaroo, Sydney, Australia, April 17, 2020. REUTERS/Stephen Coates/File Photo

(Reuters) – Australia’s Federal Court approved on Wednesday the $6.3 billion acquisition of the country’s largest casino operator Crown Resorts Ltd by private equity giant Blackstone (NYSE:BX) Inc.

This follows nods from the regulators in the state of Western Australia, New South Wales and Victoria last week.

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