Australia's Crown Resorts likely to back revised $6.5b Blackstone buyout offer

Australia's Crown Resorts likely to back revised $6.5b Blackstone buyout offer

Photo: Crown Resorts

Australia’s biggest casino operator, Crown Resorts Ltd, said on Thursday its board was likely to back an improved A$8.87 billion ($6.46 billion) buyout proposal from U.S. private equity firm Blackstone Inc unless a higher offer emerged.