cool cat casino rewards(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. 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. 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. big dollar casino bonus codes october 2021Last year, Melco doled out .42 a share for its stake in the Aussie gaming company controlled by James Packer. (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. twin river casino is it open today

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sycuan casino intranetIn 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 cadownstream casino poker tournamentsino 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. The relationship between Lawrence Ho’s Melco and Packer’s Crown became frayed, as media reports surfaced in 2019 indicating that Ho may have been involved with a companydownstream casino poker tournament barred from doing business with Crown.Earlier this year, the Australian state of New South Wales (NSW) launched an investigation into Crown’s licensing suitability for a Sydney gaming project. (Image: Twitter)This year, Wynn is dealing with temporary closures of its two Las Vegas Strip Venues and Encore Boston Harbor by COVID-19. free casino slots online no downloadThe company also owns Betfair Australasia, half of Aspers Group, and a 20 percent interest in Nobu, the posh hotel and restaurant consortium.(Image: Twitter)This year, Wynn is dealing with temporary closures of its two Las Vegas Strip Venues and Encore Boston Harbor by COVID-19. 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. turtle lake casino shows

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golden nugget casino restaurantsPrivate equity colossus Blackstone (NYSE:BX) continues forging into the gaming business. Those include Crown Melbourne and Crown Perth. Last year, Melco doled out .42 a share for its stake in the Aussie gaming company controlled by James Packer. (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 ship of its property assets, meaning it has something to borrow against if it needs additional capital.“Although we do not expect it to get to this point, we believe real estate could serve as a liquidity option of last resort in the event the crisis were to last well beyond our current expectations,” said the analyst.He has a “buy” rating on Boyd with a 12-month price target of , down from . tachi palace casino update