Crown Resorts may split assets as cushion against Macau slump
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Sydney
AUSTRALIAN casino firm Crown Resorts Ltd may split most of its domestic assets off into a new listed company, seeking to cushion those operations from the slide in business at Asian gambling hub Macau, which has hammered its shares.
In a statement on Wednesday, Australia's No 1 casino company said it is considering setting up a new listed property trust for its Melbourne and Perth hotels, while demerging its international investments into a separate listed firm. It did not say how much the businesses might be worth.
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