The US private equity firm still has to get the nod of the gambling regulatory body of Western Australia before it is officially allowed to proceed with its AU$8.9-billion takeover of the Australian gambling giant. If the acquisition deal gets the green light from the Federal Court, Crown Resorts will be consumed by Blackstone Group and will transform into a private company. This would eliminate James Packer as a shareholder in the gambling operator he once established. Mr Packer is expected to get an AU$3.26-billion payment in return for his 37% stake in Crown Resorts when the takeover deal is finalised.