Crown Resorts Rises After Bids From Blackstone, Star

The transcript discusses a busy morning for Crown, with a new CEO announcement and significant stock movements. Crown faces regulatory challenges, including a casino that cannot open due to licensing issues. Star proposes a merger with Crown, offering shares and potential synergies. Blackstone counters with its own offer. Investors are keen on the developments, considering cash alternatives and cost savings. The new CEO, Steve McCann, faces strategic decisions amid these offers.

What are the implications of the ongoing inquiries into Crown's operations?

Who is the newly appointed CEO of Crown, and what challenges might he face?