{"id":277,"date":"2024-06-28T09:28:49","date_gmt":"2024-06-28T06:28:49","guid":{"rendered":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/"},"modified":"2024-06-28T09:28:49","modified_gmt":"2024-06-28T06:28:49","slug":"mgm-resorts-acquires-stake-in-crown-resorts","status":"publish","type":"post","link":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/","title":{"rendered":"MGM Resorts Acquires Stake in Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/cHmi23vV7ZA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A prominent player in the Asian gaming industry, MGM Resorts, has recently acquired a substantial stake in Crown Resorts, an Australian gambling enterprise. They shelled out a hefty AU$1.76 billion for a 19.99% ownership interest.<\/p>\n<p>MGM purchased 135 million shares from CPH Crown Holdings at AU$13.00 per share, totaling approximately AU$1.76 billion.<\/p>\n<p>The transaction will be completed in two phases, the first on June 6th and the second by September 30th. While not requiring specific authorization, MGM will seek approval from gambling regulators in Victoria, Western Australia, New South Wales, and other jurisdictions.<\/p>\n<p>Upon receiving clearance, MGM intends to secure a seat on Crown&#8217;s board to represent their significant investment. They may even explore the possibility of acquiring additional shares in the future. <\/p>\n<p>MGM Resorts International&#8217;s head honcho, Pansy Ho, declared that Crown is a pioneer in crafting novel and thrilling luxury entertainment experiences for its patrons, mirroring MGM&#8217;s own approach. Both entities are dedicated to being trailblazers in their communities, through their commitment to corporate social responsibility endeavors and their contributions to boosting tourism and local economic growth.<\/p>\n<p>Ho asserted that they share a similar fundamental essence in their business outlook. She further mentioned that she has personal acquaintances within the Crown management team and eagerly anticipates collaborating with them to further elevate Crown&#8217;s performance and development in Australia, as well as enhancing the allure of Crown properties for international clientele.<\/p>\n<p>CPH Crown Holdings, also recognized as Consolidated Press Holdings, serves as the private investment vehicle of Australian tycoon James Packer. Should the transaction materialize, CPH and Packer will retain roughly a quarter of the remaining Crown shares, valued at approximately A$2.3 billion.<\/p>\n<p>The agreement arrives just a few weeks after Las Vegas casino behemoth Wynn Resorts withdrew from negotiations to acquire Crown Resorts. Wynn initially announced its interest in acquiring the operator only a day before withdrawing from the discussions.<\/p>\n<p>Wynn attributed the termination of the talks to the premature disclosure of preliminary discussions regarding a potential A$10 billion deal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent player in the Asian gaming industry, MGM Resorts, has recently acquired a substantial stake in Crown Resorts, an Australian gambling enterprise. They shelled out a hefty AU$1.76 billion for a 19.99% ownership interest. MGM purchased 135 million shares from CPH Crown Holdings at AU$13.00 per share, totaling approximately AU$1.76 billion. The transaction will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Resorts Takes a Big Bet on Crown Resorts<\/title>\n<meta name=\"description\" content=\"MGM Resorts invests AU$1.76 billion in Crown Resorts, acquiring a 19.99% stake in the Australian gambling giant.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts Acquires Stake in Crown Resorts\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts invests AU$1.76 billion in Crown Resorts, acquiring a 19.99% stake in the Australian gambling giant.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T06:28:49+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"headline\":\"MGM Resorts Acquires Stake in Crown Resorts\",\"datePublished\":\"2024-06-28T06:28:49+00:00\",\"dateModified\":\"2024-06-28T06:28:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\"},\"wordCount\":341,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/tashirodc.com\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\",\"url\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\",\"name\":\"MGM Resorts Takes a Big Bet on Crown Resorts\",\"isPartOf\":{\"@id\":\"https:\/\/tashirodc.com\/#website\"},\"datePublished\":\"2024-06-28T06:28:49+00:00\",\"dateModified\":\"2024-06-28T06:28:49+00:00\",\"description\":\"MGM Resorts invests AU$1.76 billion in Crown Resorts, acquiring a 19.99% stake in the Australian gambling giant.\",\"breadcrumb\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/tashirodc.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MGM Resorts Acquires Stake in Crown Resorts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tashirodc.com\/#website\",\"url\":\"https:\/\/tashirodc.com\/\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\",\"description\":\"Indulge in the excitement of licensed online gambling with our fresh news, detailed reviews, and informative articles. Elevate your gaming journey at our trusted casino platform.\",\"publisher\":{\"@id\":\"https:\/\/tashirodc.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tashirodc.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/tashirodc.com\/#organization\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\",\"url\":\"https:\/\/tashirodc.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png\",\"contentUrl\":\"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png\",\"width\":150,\"height\":150,\"caption\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\"},\"image\":{\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/tashirodc.com\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MGM Resorts Takes a Big Bet on Crown Resorts","description":"MGM Resorts invests AU$1.76 billion in Crown Resorts, acquiring a 19.99% stake in the Australian gambling giant.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/","og_locale":"en_GB","og_type":"article","og_title":"MGM Resorts Acquires Stake in Crown Resorts","og_description":"MGM Resorts invests AU$1.76 billion in Crown Resorts, acquiring a 19.99% stake in the Australian gambling giant.","og_url":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/","og_site_name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","article_published_time":"2024-06-28T06:28:49+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#article","isPartOf":{"@id":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/"},"author":{"name":"admin","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"headline":"MGM Resorts Acquires Stake in Crown Resorts","datePublished":"2024-06-28T06:28:49+00:00","dateModified":"2024-06-28T06:28:49+00:00","mainEntityOfPage":{"@id":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/"},"wordCount":341,"commentCount":0,"publisher":{"@id":"https:\/\/tashirodc.com\/#organization"},"articleSection":["Gambling"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/","url":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/","name":"MGM Resorts Takes a Big Bet on Crown Resorts","isPartOf":{"@id":"https:\/\/tashirodc.com\/#website"},"datePublished":"2024-06-28T06:28:49+00:00","dateModified":"2024-06-28T06:28:49+00:00","description":"MGM Resorts invests AU$1.76 billion in Crown Resorts, acquiring a 19.99% stake in the Australian gambling giant.","breadcrumb":{"@id":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tashirodc.com\/2024\/06\/28\/mgm-resorts-acquires-stake-in-crown-resorts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/tashirodc.com\/"},{"@type":"ListItem","position":2,"name":"MGM Resorts Acquires Stake in Crown Resorts"}]},{"@type":"WebSite","@id":"https:\/\/tashirodc.com\/#website","url":"https:\/\/tashirodc.com\/","name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","description":"Indulge in the excitement of licensed online gambling with our fresh news, detailed reviews, and informative articles. Elevate your gaming journey at our trusted casino platform.","publisher":{"@id":"https:\/\/tashirodc.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tashirodc.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/tashirodc.com\/#organization","name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","url":"https:\/\/tashirodc.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/","url":"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png","contentUrl":"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png","width":150,"height":150,"caption":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling"},"image":{"@id":"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/tashirodc.com\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts\/277"}],"collection":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/comments?post=277"}],"version-history":[{"count":0,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts\/277\/revisions"}],"wp:attachment":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/media?parent=277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/categories?post=277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/tags?post=277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}