Shareholders of Australian casino operator Crown Resorts Ltd. approved a $6.3 billion buyout by U.S. private equity giant Blackstone Inc. on Friday. The deal is still under review by regulators in New South Wales, Victoria and Western Australia, who found misconduct of the Australian casino over the years.
About 92 percent of shareholders voted in favor of the proposed acquisition.
Crown Resorts has been sued by Australia's financial-crimes regulator for “innumerable” breaches of anti-money laundering laws, including allowing customers to use shoeboxes stuffed with cash to gamble, adding to the troubles faced by the scandal-plagued casino operator.
