Blackstone, an alternative asset manager, completed the acquisition of Crown Resorts, a casino operator, for $6.3bn. “We are thrilled to become the new owner of Crown, bringing our expertise in hospitality to help the company achieve its full potential as a leading travel and leisure company. We first invested in Crown two years ago, seeing the tremendous underlying potential of the company and its people. We look forward to working with the teams at Crown and applying our experience in owning and operating marquee hospitality brands around the globe with the highest levels of ethics and integrity to create something unique for employees, local communities, and visitors," Alan Miyasaki, Blackstone Head of Real Estate Acquisitions Asia. On April 6, 2021, Consolidated Press Holdings stated that it is open to considering Blackstone's proposal to acquire Crown Resorts. On May 10, 2021, Star Entertainment offered to acquire Crown Resorts for $7bn in an all-stock deal. During the WC on May 10, 2021, Blackstone increased its offer to A$8.4bn ($6.54bn) from A$8.05bn ($6.13bn) as Star emerged as a bidder. On May 17, 2021, Crown Resorts said Blackstone's offer undervalues the company. On June 15, 2021, Oaktree Capital has offered $2.39bn to acquire a 10% stake in Crown Resorts. On November 19, 2021, Blackstone raised its bid to A$8.5bn ($6.2bn.) On January 13, 2022, Crown considers to back improved $6.5bn Blackstone buyout offer. On February 14, 2022, Crown accepted Blackstone $6.3bn offer. On June 9, 2022, Blackstone closes in on $6.3bn Crown bid after Australia approvals. On June 15, 2022, Australian Federal Court approves Blackstone's $6.3 bln Crown Resorts deal