Blackstone Increases Takeover Bid For Australia’s Crown Casinos

A general view of Crown Sydney is seen at Barangaroo on November 19, 2020 in Sydney, Australia. Lisa Maree Williams/Getty Images

Private equity group Blackstone has increased its bid for Crown Resorts and this time the casino operator looks likely to accept.

Blackstone raised its bid by 60 cents per share to $13.10 per share, which equates to an $8.87 billion proposal.