{"id":5946,"date":"2023-10-19T11:05:53","date_gmt":"2023-10-19T11:05:53","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/10\/19\/blackstones-crown-resorts-overhaul-strategy-estimated-to-be-a-million-dollar-endeavor\/"},"modified":"2023-10-19T11:05:53","modified_gmt":"2023-10-19T11:05:53","slug":"blackstones-crown-resorts-overhaul-strategy-estimated-to-be-a-million-dollar-endeavor","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/10\/19\/blackstones-crown-resorts-overhaul-strategy-estimated-to-be-a-million-dollar-endeavor\/","title":{"rendered":"Blackstone\u2019s Crown Resorts Overhaul Strategy Estimated To Be A Million Dollar Endeavor"},"content":{"rendered":"<div>\n<p>With its AU$8.9 billion ($6.5 billion) acquisition of Crown Resorts, a significant Australian casino operator, this summer, the Blackstone Group, a well-known US private equity behemoth, grabbed the public\u2019s attention. Despite the size of the acquisition, Blackstone has indicated that it is willing to make more investments totaling hundreds of millions to revitalize Crown Resorts in the coming years.<\/p>\n<p>In a recent interview with The Australian, Kathleen McCarthy, Blackstone\u2019s global co-head of real estate, talked about the firm\u2019s ambitious goals. McCarthy said that Blackstone had already invested \u201chundreds of millions of dollars\u201d in the <a href=\"https:\/\/igaming.org\/casino-news\/crown-resorts-agrees-to-record-fine-of-294m-for-aml-breach-at-melbourne-and-perth-casinos\/\">Melbourne site of Crown Resorts<\/a>, preparing for an entirely new level of client experience.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>McCarthy emphasized that while Crown\u2019s Melbourne site is advantageously positioned, it requires significant financial investment to become a thriving destination. McCarthy underlined her excitement for this investment and the exciting path ahead.<\/p>\n<p><em>\u201cWe have invested hundreds of millions of dollars (behind the scenes), now we get to the really exciting part, which is transforming the customer experience and what they are seeing. We remain very excited, and we are just really beginning the journey here,\u201d<\/em> stated Kathleen McCarthy.<\/p>\n<h2>Attracting a Diverse Audience Through Transformation<\/h2>\n<p>Blackstone\u2019s focus, according to McCarthy, is still on transforming Crown Resorts. The corporation plans to draw a wide variety of visitors to the Melbourne site, including Australians and tourists from other countries. To increase the overall appeal of the property, this goal will be accomplished by making investments in fresh and interesting activities, such dining and shopping establishments.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cWe\u2019re really focused on the work ahead of us at Crown and the opportunity to transform the business,\u201d <\/em>McCarthy emphasized.<\/p>\n<p>McCarthy went into further detail about Blackstone\u2019s overarching strategy, emphasizing the need of changing high-quality real estate to improve operating assets, boost cash flow, and improve the visitor experience. She also mentioned that the business keeps looking into other investment options.<\/p>\n<p>The gambling industry in Australia has seen substantial changes as local governments have increased their surveillance of operators and altered legislation. Concerns about excessive spending and danger from gaming are becoming more prevalent. However, the government\u2019s commitment to treating problem gambling and lessening its negative impacts is reflected in these regulation improvements. Crown Resorts\u2019 reinvention is a calculated attempt to respond to this shifting environment and offer a more pleasurable and responsible gaming experience.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/blackstones-crown-resorts-overhaul-strategy-estimated-to-be-a-million-dollar-endeavor\/\">Blackstone\u2019s Crown Resorts Overhaul Strategy Estimated To Be A Million Dollar Endeavor<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With its AU$8.9 billion ($6.5 billion) acquisition of Crown Resorts, a significant Australian casino operator, this summer, the Blackstone Group, a well-known US private equity behemoth, grabbed the public\u2019s attention. Despite the size of the acquisition, Blackstone has indicated that it is willing to make more investments totaling hundreds of millions to revitalize Crown Resorts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5946","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5946"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5946\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}