Login/Register
NetEnt
NetEnt
Solitics
BigTimeGaming

Crown Resorts shares soar on Melco Crown spin-off plan

16th June 2016 7:45 am GMT

Australian casino operator Crown Resorts has proposed a number of structural and capital management initiatives to enhance value for its shareholders, including a spin-off of its international operations.

Crown Resorts, majority owned by Australian billionaire James Packer, will pursue a demerger of certain international investments to create a separately listed holding company (InternationalCo), including its 27.4 per cent interest in Macau-based operator Melco Crown Entertainment (MCE).

Crown Resorts' chairman Robert Rankin said: “We are pleased to announce [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos
Greentube
EveryMatrix
Pragmatic Play
Skywind
Playtech
Solitics