phone number for golden nugget casino(Image: Reuters)The private equity firm is paying 0 million for all of the Crown shares previously held by the Macau operator, meaning Melco sold that equity at prices that were 37.3 percent below what the company paid for the stock last year.Blackstone paid the equivalent of .31 a share for 67.67 million Crown shares. 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. Those shutdowns follow a 15-day halt in business in Macau, a market that in any given quarter can account for two-thirds to 80 percent of the operator’s earnings and revenue. raging bull casino junk mailThe new forecast implies upside of 44.5 percent from where the stock trades at this writing.Even with that, analysts’ estimates for the company’s 2020 earnings per share (EPS) are all over the map.For now, though, investors should take the purportedly ‘consensus’ earnings expectations and price targets with a grain of salt, especially for certain sectors and stocks, where there really isn’t much consensus among analysts,” according to a Barron’s 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. palace station hotel and casino oyster bar

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44aces casino no deposit bonusThe company also owns Betfair Australasia, half of Aspers Group, and a 20 percent interest in Nobu, the posh hotel and restaurant consortium.Blackstone is buying 10 percent of James Packer’s Crown Resorts from Lawrence Ho’s Melco on the cheap. (Image: Twitter)This year, Wynn is dealing with temporary closures of its two Las Vegas Strip Venues and Encore Boston Harbor by COVID-19. raging bull casino 200 no deposit bonus codes 2019(Image: Twitter)This year, Wynn is dealing with temporary closures of its two Las Vegas Strip Venues and Encore Boston Harbor by COVID-19. Even with that, analysts’ estimates for the company’s 2020 earnings per share (EPS) are all over the map.For now, though, investors should take the purportedly ‘consensus’ earnings expectations and price targets with a grain of salt, especially for certain sectors and stocks, where there really isn’t much consensus among analysts,” according to a Barron’s Private equity colossus Blackstone (NYSE:BX) continues forging into the gaming business. raging bull casino spam emails reddit

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coolcat casino instant playWith the coronavirus outbreak still weighing on the gaming industry, it’s not surprising that analysts are divided on how the health crisis is affecting individual operators’ financial results. With the coronavirus outbreak still weighing on the gaming industry, it’s not surprising that analysts are divided on how the health crisis is affecting individual operators’ financial results. Much of that inquiry focusing on the operator’s relationship with Ho.Saved by the VirusBy February, the coronavirus was adversely impacting the Asia-Pacific gaming industry, giving Melco a plausible excuse to scrap the Crown deal.Like other gaming companies, the City of Dreams operator is searching for more cash, and the sale of its Crown stake, albeit at a loss, is an easy avenue for bolstering its balance sheet. Much of that inquiry focusing on the operator’s relationship with Ho.Saved by the VirusBy February, the coronavirus was adversely impacting the Asia-Pacific gaming industry, giving Melco a plausible excuse to scrap the Crown deal.Like other gaming companies, the City of Dreams operator is searching for more cash, and the sale of its Crown stake, albeit at a loss, is an easy avenue for bolstering its balance sheet. In a recent regulatory filing, Melco said it has little visibility regarding when business will return to pre-virus levels in Macau.Amid plunging traveler numbers because of curbs imposed to contain the new coronavirus, Melco scrapped its planned purchase of a second 9.99% stake in Crown from billionaire James Packer in a deal that had already raised regulatory concern,” reports Reuters.Melco’s sale represents the latest in an ongoing saga for Crown investors, one that also included a brief 2019 flirtation with a takeover offer from Wynn Resorts (NASDAQ:WYNN).More Real Estate for BlackstoneFor Blackstone, the deal isn’t as much about potentially making a play to acquire Crown outright, but rather, finding ways to extract value from the gaming company’s enticing real estate assets.Blackstone, the owner of the Cosmopolitan Las Vegas, is a growing force in the calive casino video pokersino real estate business, recently acquiring the Bellagio from MGM Resorts International (NYSE:MGM) and partnering with MGM Growth Properties (NYSE:MGP) to purchase the real estate of Mandalay Bay and MGM Grand.Crown’s Australian property assets are valued at just over billion. (Image: Twitter)This year, Wynn is dealing with temporary closures of its two Las Vegas Strip Venues and Encore Boston Harbor by COVID-19. aliante casino las vegas movies