James Packer’s Crown Resorts has doubled down on its massive retreat from its international operations, agreeing to sell a further $300 million of its stake in its Macau casinos.
Crown announced on Friday it had entered an underwriting agreement to sell 40.9 million shares in Melco Crown Entertainment to institutional investors, in addition to the 98 million shares it said on Thursday would be sold to its joint venture partner, billionaire Lawrence Ho’s Melco International Development.
AI beer: taste testing robot brew
- Video duration
- 02:19