November 23, 2017 / 11:45 PM / 24 days ago

Australia's Crown Resorts in talks over CrownBet

Nov 24 (Reuters) - Australia’s Crown Resorts Ltd on Friday confirmed it was in talks with parties about a possible merger with its unit CrownBet, in a deal that could see consolidation in the corporate booking industry.

Crown Resorts ons about 62 percent of CrownBet.

Shares of the casino and hotel operator were down 1.6 percent in early trade against a 0.5 percent decline in the benchmark index. (Reporting by Chandini Monnappa in Bengaluru; Editing by Stephen Coates)

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