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Wynn terminates Crown Resorts acquisition talks

10th April 2019 7:39 am GMT

Less than 24 hours after confirming it was in talks to acquire Australia’s Crown Resorts, New York-listed Wynn Resorts has terminated all discussions relating to the deal.

In response to media reports over the weekend in Australia, Crown Resorts had revealed Tuesday that it was in confidential discussions with Wynn regarding a potential change of control transaction.

According to the Australian casino operator, Wynn had proposed a AUD$10bn cash and stock offer, valuing Crown Resorts at $14.75 [...]

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