SYDNEY — Blackstone Group Inc. made a takeover offer for Australian casino operator Crown Resorts Ltd. valued at $ 6 billion, as regulators investigate Crown’s business practices and threaten to rescind its casinos licenses. The U.S. investment firm has offered 11.85 Australian dollars, or the equivalent of $ 9.15, a share for Crown, a 20% premium …
Read More »NewsWatch: The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.
MARKETWATCH FRONT PAGE With the wild moves in the stock of GameStop and AMC Entertainment, or last week in cannabis makers, it’s not illogical to think of the stock market as a casino. Here’s what academic research finds. See full story. These retirees left their pricey life in Santa Cruz, …
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