Australia's Crown Resorts signs several deals to cut debt
Bengaluru
AUSTRALIAN casino operator Crown Resorts said on Thursday that it had signed several deals to divest assets to cut debt, including selling interest in a site on the Las Vegas Boulevard for US$300 million. Crown Resorts has been retreating from a decade-long foray into Macau, the other big global gaming hub, amid a broader Chinese crackdown on corruption.
In May, it quit its remaining stake in Macau-focused Melco Resorts and Entertainment, freeing up cash to pay off debts.
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