Blackstone, Crown's second-largest shareholder with 9. Packer sold out of casinos in Macau and the United States and began a series of attempts to take Crown private after 18 staff were jailed in China in for violating anti-gambling laws. Three years later media reports accused Crown of knowingly doing business with junket — or gambling tour — operators linked to organized crime, leading to findings at a subsequent regulatory inquiry of "dysfunctional" management where Packer dominated the board from afar despite holding no official role.
The inquiry called by the gaming regulator in New South Wales said Packer's "remote maneuvering" would have to be resolved before Crown could hold a casino license in the state, putting the company's billionaire founder under immense pressure to sell down his stake. Crown's new tourist-targeted Sydney casino opened in December without tourists due to pandemic-related border closures, and without gambling because of restrictions put on it during the probe.
It has lost about half its board including its CEO since the inquiry declared Crown unfit for a Sydney license in February. Among the conditions of the Blackstone proposal, the private equity firm itself would need to be found suitable to run a casino by Crown's regulators.
Skip Navigation. Investing Club. In atten d ance were Blackstone BX, The first to answer was Dalio. So I want that technology, a little bit of bitcoin, and I want to bet on those other industries. And Dalio weighed in on the billionaire tax. Late Monday and amid a wave of negative newsflow, Facebook FB, It also announced plans to break out results for its virtual-reality business, though some say who cares.
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ET by Barron's. ET by Ciara Linnane. Blackstone buys stake in One Manhattan West Mar. ET by Steve Gelsi. Inflation and war disruption will challenge private equity in after a record-breaking year Mar. Snoop Dogg snatches back Death Row records from private equity Feb. ET by Jeremy Binckes. No Headlines Available. Other News Press Releases. In , and he was recognized as a Top 40 under 40 growth equity investor by Growth Cap Advisory.
Supporting category-defining and durable franchise software and services. Backing companies reshaping the financial system. Investing in healthcare businesses that aim to reduce costs and improve outcomes. Building global leaders in consumer-facing technology. BXG invests in promising growth-stage companies and advises on select investments across the firm.
A platform used for data search and discovery, governance, stewardship, analytics and digital transformation. Healthcare company providing an integrated offering of health insurance, care optimization and care delivery. A leading provider of cloud-based biomedical data analysis software serving the life sciences community. End-to-end platform serving the front-to-back office workflows of alternative asset management firms.
Leading healthcare technology company that delivers solutions to customers across the healthcare ecosystem. Leading online corporate travel bookings platform that facilitates long-term stays between hotels and blue-collar businesses. Joint venture formed between Blackstone, Anthem, and K Health to provide innovative, digital-first primary care solutions.
A leader in the fast-growing oat milk category and overall market for plant-based food and beverages. Global Head of Blackstone Growth Jon Korngold spoke to WSJ Pro Private Equity about the continued digitization of the global economy, navigating rising valuations in tech, and how inflation and the ongoing pandemic may affect investors in the year ahead. BXG was recognized for its team of experienced growth investors backed by the scale, operating expertise and global reach of Blackstone.
BXG is dedicated to supporting all its founders, who lead established and emerging companies across a range of industries and geographies. Mollie provides small- and medium-sized businesses with innovative solutions for processing and receiving payments online.
For press inquiries, contact pressinquiries blackstone. To view recent press releases, click here. To help companies scale efficiently… We equip our companies with the tools and know-how to expand rapidly while minimizing operational strains. And become global champions.
Our large team of operating partners and highly curated portfolio allow us to be a better partner to high-growth companies navigating execution risk. Scaling Efficiently We build world-class enterprises by providing companies with the resources and expertise they need to scale in smart, efficient ways. Spotlight: Building Bumble's Leadership Team. Jon Korngold.
Ram Jagannath. Vincent Letteri. Vincent Letteri Vincent E. Paul Morrissey. Yifat Oron. Brian Sauvigne. Vishal Amin. Vishal is a graduate of Duke University and currently serves on the board of Experience Camps. Ann Chung. Brian Dunlap. Mike Kirkman.
Ramzi Ramsey. Alation A platform used for data search and discovery, governance, stewardship, analytics and digital transformation. Articulate Cloud-based creator platform for workplace training. Bright Health Healthcare company providing an integrated offering of health insurance, care optimization and care delivery. Bumble Leading online dating app where women make the first move. Celonis Leading provider of process mining software.
Chainalysis Leading provider of cryptocurrency investigation and compliance software. Cloudinary Media experience cloud company. Cryoport Temperature-controlled supply chain solutions for life sciences. DNAnexus A leading provider of cloud-based biomedical data analysis software serving the life sciences community. Dynamo End-to-end platform serving the front-to-back office workflows of alternative asset management firms.
Epidemic Sound Royalty-free music library sound-tracking for video creators. GeoComply Geolocation and Compliance technology for online sports betting and online gaming operators. Headspace Health Comprehensive, tech-enabled behavioral health platform.
HealthEdge Leading healthcare technology company that delivers solutions to customers across the healthcare ecosystem. Hotel Engine Leading online corporate travel bookings platform that facilitates long-term stays between hotels and blue-collar businesses. Hydrogen Health Joint venture formed between Blackstone, Anthem, and K Health to provide innovative, digital-first primary care solutions.
ISN Global leader in third-party contractor and supplier management software. Mollie European-based next-generation payment processor for merchants to seamlessly process payments. Oatly A leader in the fast-growing oat milk category and overall market for plant-based food and beverages. Ontra Tech-based provider of outsourced routine legal services e.
Complete Blackstone Mortgage Trust Inc. Cl A stock information by Barron's. View real-time BXMT stock price and news, along with industry-best analysis. [NEW YORK] Blackstone chief executive officer Steve Schwarzman took home Robinhood rolls out cryptocurrency wallet to 2 million users. Blackstone Inc. (BX) closed the most recent trading day at To Enable Sovereign Payments With Bitcoin 14 hours ago - Bitcoin Magazine.