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Crown Resorts sells US$800m stake in Macau casino venture

Move will cut its stake in project from 34% to 27%, stokes speculation of a Crown buyout

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Crown Resorts, the gaming company of James Packer, sold a US$800 million stake in its Macau venture after a two-year downturn of the world's largest casino hub, fuelling speculation the billionaire is preparing to buy back some assets in Australia.

Hong Kong

CROWN Resorts, the gaming company of James Packer, sold a US$800 million stake in its Macau venture after a two-year downturn of the world's largest casino hub, fuelling speculation the billionaire is preparing to buy back some assets in Australia.

Crown is selling the