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reno nevada casino hotelsThe initial offers by the equity giant were rejected, as Crown stated they undervalued its portfolio and potential for growth.As the second-largest private equity fund in the world, it owns several of Las Vegas’ most notable brands in addition to 147 Spanish casinos under its daughter company Cirsa.The current acquisition is Packer’s second attempt to withdraw from Crown after Wynn Resorts pulled out of a potential deal in 2019 amidst growing controversy.Eventually, the two parties settled on the current agreement of AU.The Casino Brand Has Suffered Years of Controversies and SetbacksThe deal marks the conclusion of Crown’s troubled journey under billionaire James Packer.The takeover has already secured the other required approvals from Victoria, Western Australia, and New South Wales authorities.emerald casino

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