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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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