Blackstone has been granted a casino licence and will be allowed to become the new owners of Crown in Perth.
“As the prospective new owner of the Perth Casino, Blackstone will be required to meet a number of stringent conditions,” Racing and Gaming Minister Tony Buti said.
“These conditions align with a number of the recommendations stemming from the recent Perth Casino Royal Commission.”
Gaming and Wagering Commission chair Lanie Chopping said Blackstone has been subject to an “extensive probity assessment”.
“The Gaming and Wagering Commission’s probity approval has been granted subject to a number of conditions designed to ensure that the Commission has oversight and the capacity to monitor any change in licensee management or ownership,” Chopping said.
The $8.9 billion acquisition deal comes after extensive controversy at the Crown Resorts, which sparked separate inquiries in the three states the gaming giant operates.
A swathe of executives were removed from the Crown Resorts hierarchy after evidence of money laundering and links with organised crime were exposed at Crown Melbourne.
Now the deal can be taken to the Federal Court of Australia for final approval.