Announced
Melco Resorts & Entertainment terminates the acquisition of a 20% stake in Crown Resorts from CPH Crown Holdings for $810m.
Synopsis
Casino operator Melco Resorts & Entertainment's $810m acquisition of a 20% stake in Crown Resorts, one of Australia's largest gaming and entertainment groups, fails over Coronavirus epidemic concerns. As a result of the termination, Melco does not currently intend to increase its existing shareholding in Crown from its current position.
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