In Brief

 

Oaktree said to offer Australian casino firm $2.39B

Oaktree Capital Group has offered Australian casino operator Crown Resorts $2.39 billion to buy back its founder's holding, according to Crown. The transaction would give Oaktree a 10% stake in the troubled company, which also is being wooed by USA-based Blackstone Group and Australia's Star Entertainment Group.

 Full Story: Reuters (6/14) 

Posh new NYC hotel puts star power behind dining designs

The newly refurbished Park Lane Hotel New York has recruited high-profile hospitality and nightlife entrepreneur Scott Sartiano as creator of three new food and beverage spots. The founder of Sartiano Group recently added the celebrity-studded Manhattan private club Zero Bond to his resume.

 Full Story: Page Six

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