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Crown exits decade-long Macau venture with Melco buyback
Published Tue, May 9, 2017 · 09:50 PM
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Hong Kong
CASINO billionaires Lawrence Ho and James Packer have said their last adieu to a decade-long gaming partnership in Macau, with each going in opposite directions.
Mr Packer's Crown Resorts Ltd said it's selling the last of its stake in Melco Resorts & Entertainment Ltd and will receive about US$987 million from the transaction, according to an exchange filing on Tuesday.
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