Casino operator Melco scraps agreement to buy another stake in Crown

Casino operator Melco scraps agreement to buy another stake in Crown

City of Dreams is Melco's integrated urban entertainment resort

Melco Resorts & Entertainment Ltd. scrapped an agreement to buy another A$880 million ($593 million) stake in Crown Resorts Ltd., a blow to billionaire James Packer’s plans to retreat from his Australian casino business.

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