{"id":134373,"date":"2020-04-29T08:54:38","date_gmt":"2020-04-29T15:54:38","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=134373"},"modified":"2020-04-29T10:16:16","modified_gmt":"2020-04-29T17:16:16","slug":"blackstone-is-buying-10-percent-of-crown-resorts-at-a-steep-discount","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/blackstone-is-buying-10-percent-of-crown-resorts-at-a-steep-discount\/","title":{"rendered":"Blackstone Gobbles Up 10 Percent of Crown Resorts, Melco Sells Stake at Big Loss"},"content":{"rendered":"
Private equity colossus Blackstone (NYSE:BX) continues forging into the gaming business. The company is taking a nearly 10 percent stake in Australia’s Crown Resorts, and is getting those shares from Melco Resorts & Entertainment (NASDAQ:MLCO) at a deep discount.<\/p>\n