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Breakingviews - Blackstone suited to be Crown buyer of last resort
  + stars: | 2020-11-23 | by ( Katrina Hamlin | ) sentiment -0.99   time to read: +2 min
Crown Resorts Ltd's flagship tower nears completion at Barangaroo, Sydney, Australia, April 17, 2020. REUTERS/Stephen CoatesHONG KONG (Reuters Breakingviews) - The Crown Resorts saga could end with a deal after all. As the company and billionaire James Packer consider their options, private equity firm Blackstone looks well-suited to be a buyer. That intensifies the pressure on $4.6 billion Crown. There will undoubtedly be other possibilities for Crown and Packer, but a Blackstone future may be in the cards.
Persons: Stephen Coates, James Packer, Blackstone, Packer, Sam, Xi Organizations: Resorts, REUTERS, Reuters, Regulators, Local, Wynn Resorts, Melco Resorts & Entertainment, Bellagio, MGM Resorts International, Hilton Worldwide, Sam Zell’s Equity, Crown Locations: Barangaroo, Sydney, Australia, Stephen Coates HONG KONG, China, Las Vegas
“If it’s open, I’ll definitely ski,” said Swede Max Ahlstedt, on the glacier where Zermatt offers year-round skiing. Some Swiss resorts, including Davos to the northwest, boast of “cold-fogging” equipment to blast the interiors of gondolas and “kill 99.9% of viruses, bacteria and spores in a minute”. The Swiss tourism association has even adopted “Clean & Safe” as its motto in the hope of easing tourists’ nerves. “It’d be worse if you couldn’t go to the mountains at all,” said Anne Spiegler, a German living in Zurich. Swiss resorts know that the number of guests from Britain, the Netherlands, Germany or Scandinavia will inevitably be far below the levels of a normal season as the wait for a vaccine stunts cross-border travel.
Persons: , Swede Max Ahlstedt, , Anne Spiegler, Jean, Francois Paschoud, Romy Biner, Hauser Organizations: Zermatt Locations: ZERMATT, Switzerland, Zermatt, France, Italy, Austria, Germany, Cervinia, Swiss, Davos, Zurich . Swiss, Britain, Netherlands, Scandinavia, Zell, Mayrhofen, Europe
Criminals are laundering illegally obtained funds meant for Covid-19 relief through the most popular apps for legally sending and receiving money, law enforcement officials say. Cash App, Venmo, Zelle and PayPal have become portals to easily move money, making transactions more difficult to trace. Some of the funds were accessed via money transfers on Cash App, according to the complaint. Schemes targeting app users who are desperate for quick cash are posted on social media. A Cash App spokesperson said, “Preventing fraud is critically important to Cash App.
Persons: “ I’ve, ” Roy Dotson, ” Dotson, fraudsters, Roy Dotson, , Dotson, Fontrell Antonio Baines, Baines, , ’ ”, Jason DeLuca, ’ ” DeLuca, Ricardo Pena, ” Pena, , ’ ” Pena, Zelle Organizations: PayPal, CNBC, Service, Unemployment Insurance, Justice, Coral, Coral Springs Police Department, Facebook, Apptopia, Google, Better Business Bureau, Warning Services Locations: Coral Springs, Florida
Zelle transactions skyrocket during coronavirus pandemic
  + stars: | 2020-11-16 | by ( ) + 0.92   time to read: 1 min
Zelle transactions skyrocket during coronavirus pandemicZelle is getting a boost as people ditch cash and checks. CNBC's Kate Rooney reports on the rise in Zelle transactions.
Persons: CNBC's Kate Rooney
Total: 4