Crown reduces stake in Melco

The sale reduces net debt and also gives Crown more flexibility to fund its upcoming capital expenditure

Crown Resorts has sold approximately 20% of its investment in Nasdaq-listed Melco Crown Entertainment back to the company for US$800m (or around AUD$1.07bn).


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles