Blackstone Sweetens Bid for Crown Resorts Amid Regulatory Scrutiny
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Blackstone has submitted an updated acquisition proposal to Crown Resorts. The enhanced bid represents a marginal increase from the initial offer of AUD 11.85 per share. Furthermore, Blackstone has consented to certain stipulations, such as securing regulatory authorization for casino operations within Australia. Crown Resorts is currently deliberating on the proposition.
The private equity firm Blackstone has made a bid to acquire Crown Resorts, the embattled Australian gaming operator currently under scrutiny for alleged financial misconduct and unethical operations.
