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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
Published Thu, May 5, 2016 · 09:50 PM
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 …
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