Wednesday, April 29, 2020

Blackstone Picks Up $360 Million Stake in Australia’s Crown Resorts From Melco

Romain Pontida / Flickr

Southbank skyline from across the Yarra at sunset, with views of Eureka Tower, Freshwater Place, Prima Tower and Crown Tower, Melbourne in Victoria, Australia Romain Pontida / Flickr



Skift Take: Gaming companies are hard hit by the coronavirus pandemic, but Melco seems to be suffering more than others — if its latest money-losing deal with Blackstone goes to shows.

— Xinyi Liang-Pholsena

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