News: CWN UPDATE 1-Australia's Crown Resorts receives $6.2 billion buyout offer from Blackstone

(Adds deal value, Blackstone shareholding)

March 22 (Reuters) - Casino operator Crown Resorts Ltd (CWN) said on Monday it received a buyout offer from private equity company Blackstone Group Inc BX.N that values the company at A$8.02 billion ($6.19 billion).

The offer was priced at A$11.85 per share, a premium of 20.2% to Crown's closing price of A$9.86 on Friday.

Crown said its board had not yet formed a view on the merits of the proposal.

Blackstone currently has a 10% stake in Crown which it bought from Macau's Melco Resorts & Entertainment Ltd MLCO.O in April last year, making it the second-largest holder in Crown after the company's billionaire founder James Packer.

($1 = 1.2967 Australian dollars)