Aussie regulator to review Crown's $1.5b Sydney casino after stake sale to Melco

Aussie regulator to review Crown's $1.5b Sydney casino after stake sale to Melco

Photo: Reuters

An Australian regulator said it will review its approval for Crown Resorts‘ $1.5 billion casino being built in Sydney, after the gambling giant’s founder James Packer sold nearly half his stake in the company to Hong Kong’s Melco Resorts.