Blackstone Sweetens Offer for Crown Resorts to $6.5 Billion

The transcript discusses Blackstone's increased bid for Crown at $13.10 per share, which Crown is likely to recommend to its shareholders if a binding deal is made. The deal is significant as Crown is facing operational challenges, including inquiries and the closure of its Sydney casino. If Blackstone succeeds, it would gain a monopoly in Australia's major cities, making it a valuable acquisition.

What is the new bid per share that Blackstone has proposed?

• $12.50

• $13.10

• $14.00

• $15.20

What condition has Crown set for recommending the offer to shareholders?

• A higher bid

• A binding deal

• Approval from the government

• A non-binding agreement

What issues is Crown currently facing?

• Competition from other casinos

• Inquiries into its operations

• Financial instability

• Lack of investors

Why is the Sydney casino significant in this deal?

• It's the oldest casino in Australia

• It's the only casino in Sydney

• It's located on the harbor front

• It's the largest casino in the world

What advantage would Blackstone gain if the deal is successful?

• A monopoly in Australia's major cities

• A new casino in Melbourne

• A partnership with another casino

• A new gaming license