Gray added that the company is focusing heavily on real estate and “logistics warehouses,” which has been a successful business strategy. As a result of its success in Asia, Blackstone raised $6.4 billion to fill a new fund that will target expansion there. That, combined with its existing global fund, gives it $11 billion in “buying power” in the region.<\/p>\n
Despite the positive results and the strong markers for growth, Gray recognizes a need to approach Asia with a certain amount of trepidation. China may be growing to become one of the largest markets, but it also faces issues that could cause an implosion.<\/p>\n
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China is facing problems in its housing and capital markets that cause concern. Specifically, real estate developers now have virtually no access to lending channels following an overzealous development plan that led to a real estate glut. The scandal surrounding Evergrande, once a “too-big-to-fail” developer, and its financial troubles highlighted the issues.<\/p>\n<\/div>\n
Lukewarm relations between China and the US don’t help. However, there are plenty of options outside of China to consider. Blackstone has found ways to tap into them and “sustainability-related” operations that can withstand most consumer market variations.<\/p>\n
Among these are transportation and logistics facilities. They’re both always in need and become inherent components of economic infrastructure. They’re also important components of any gaming ecosystem in any region.<\/p>\n","protected":false},"excerpt":{"rendered":"
Asia is going to be a strong part of the Blackstone Group’s future. The private equity investment firm purchasing Crown Resorts has big plans for expansion in the region. Asia is the new land of opportunity. The casino industry already has its eye on the region, with companies such as Las Vegas Sands, Wynn Resorts, […]<\/p>\n","protected":false},"author":64,"featured_media":209031,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[],"acf":[],"yoast_head":"\n
Crown Resorts Suitor Blackstone Has $11B to Spend in Asia - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n