One of the country’s leading investors thinks Blackstone’s $13.10 per share offer undervalues Crown Resorts and is holding out hope counter-bidders, with a long-term view of the casino giant’s profitability, enter the fray.

Anton Tagliaferro, head of investment at Investors Mutual, which holds just over 2 per cent of Crown’s stock, said he won’t definitively endorse the Crown board-backed offer until seeing the scheme booklet and other contenders are ruled out.