April 16, 2021
Following months of negotiations and billionaire businessman James Packer (pictured) has reportedly agreed a deal that will allow him to retain his around 37% stake in beleaguered Australian casino operator Crown Resorts Limited.
According to a Thursday report from The Sydney Morning Herald newspaper, the arrangement worked out with the New South Wales Independent Liquor and Gaming Authority is set to permit the 53-year-old’s Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle to remain as the largest individual shareholder in Crown Resorts Limited. The source explained that this comes despite accusations uncovered via a recent investigation that Packer had potentially been exercising undue influence over the day-to-day operations of the firm behind the gambling-friendly Crown Melbourne and Crown Perth properties.
American hedge fund has reportedly inserted new provisions into its proposed $6.2 billion deal to purchase of Australian casino operator Crown Resorts Limited.
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December 9, 2020
In the United States and the billionaire owner of the Vegas Golden Knights franchise of the National Hockey League (NHL) has reportedly agreed a deal that is to see online payment systems provider Paysafe Group Holdings Limited once again become a public concern.
According to a Monday report from the Las Vegas Review-Journal newspaper, William Foley (pictured) revealed that his Foley Trasimene Acquisition Corporation II special purpose acquisitions enterprise is to merge with the digital wallet innovator in an arrangement valued at around $9 billion. The Texas-born businessman purportedly explained that the agreement is expected to close by the end of June and will subsequently involve the enlarged entity being listed with the New York Stock Exchange under the continuing leadership of its Chief Executive Officer, Philip McHugh.