πŸ’° Melco International Development Limited

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HONG KONG/BENGALURU (Reuters) - Melco Resorts & Entertainment will buy a 20% stake in Australia's Crown Resorts from casino mogul.


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Originally known as Melco Crown Entertainment (Melco Crown or MPEL), Melco Resorts.


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HONG KONG/BENGALURU (Reuters) - Melco Resorts & Entertainment will buy a 20% stake in Australia's Crown Resorts from casino mogul.


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In , the company entered a joint venture with the Australian gaming company Crown Limited to establish Melco Crown Entertainment Limited (Melco​.


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Melco Resorts and Entertainment has indicated it may yet decide to make a full retreat from Crown Resorts, selling the 10 percent stake it bought from James.


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In , the company entered a joint venture with the Australian gaming company Crown Limited to establish Melco Crown Entertainment Limited (Melco​.


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In , the company entered a joint venture with the Australian gaming company Crown Limited to establish Melco Crown Entertainment Limited (Melco​.


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Melco Crown Entertainment Ltd. owns, operates and develops casino gaming and entertainment resort facilities. It is focused exclusively on the Macau market.


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Originally known as Melco Crown Entertainment (Melco Crown or MPEL), Melco Resorts.


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Melco Resorts, the casino group controlled by the Hong Kong at Crown casinos and organised crime involvement in running junkets. Crown.


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Blackstone decline to comment. Stay ahead with our exclusives on Asia ; the most dynamic market in the world.

The deal accomplishes Melco's plan here exit its Crown holdings as casino companies around the world rein in spending to cope with a shutdown to slow the spread of the coronavirus.

Stay ahead with our exclusives on Asia. Crown disclosed the deal in a market filing on Wednesday. Read Next. Copy Copied. April 29, JST Macao. Your full access to the Nikkei Asian Review has expired You need a melco crown casino to: Read all stories with unlimited access Use our mobile and tablet apps Melco crown casino all offers.

Get trusted insights from experts within Asia itself. Sponsored Content. Arrow Artboard Created with Sketch. Shares of Crown jumped as much as COVID has certainly done this to the casino and resort sector," McGlew added, using the name for the respiratory illness caused by the new coronavirus. Artboard Created with Sketch. Crown did not comment other than a short statement confirming the sale of Sign up to our newsletters to get our best stories delivered straight to your inbox. Offer ends April 30th. Blackstone's purchase makes the private equity investor the second-largest holder in Crown after the company's billionaire founder James Packer. Coronavirus Macao faces new blow as transport links with Hong Kong severed. Your trial period has expired You need a subscription to Read all stories with unlimited access Use our mobile and tablet apps See all offers and subscribe.