Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.
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The SLS Las Vegas opened with much fanfare in 2014 but quickly spiraled downward. Now, a few miles away, Las Vegas’ newest renovated resort figures it’s starting out on stronger footing.
Apollo Global Management is making a multibillion-dollar wager on America’s casino capital and hoping it’s rolling the dice on the way out of a national crisis, not on the way in.