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New Deal


Announced

Melco Resorts & Entertainment terminates the acquisition of a 20% stake in Crown Resorts from CPH Crown Holdings for $810m.

Financials

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Transaction Value£639m
Consideration TypeCash
Capital Owned47%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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resorts

Minority

Public

Hotels and Motels

Acquisition

Australia

entertainment

Failed

Single Bidder

Friendly

Synopsis

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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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