


| Melco aborts $880m investment in Crown |
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Hong Kong gambling giant Melco Resorts has abandoned plans to double its stake in James Packer's Crown Casino chain. Melco blames the collapse of the $880 million investment on the fallout from the coronavirus crisis. The company announced it was also reviewing all non-core investments because of the severe drop in tourism in Asia.
Posted: 2020-02-06 23:57:00
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