Las Vegas Sands Corp (LVS.N)
25 Jun 2019
HONG KONG (Reuters Breakingviews) - Crown Resorts could become a handy Plan B. James Packer’s $6.4 billion Australian casino empire is effectively up for sale after Wynn Resorts broke off talks this week when details of its offer spilled into the open. The would-be target’s shares are trading higher than they were before bid news surfaced. Any operators that fail to win a licence in Japan may yet train their sights Down Under.
HONG KONG Las Vegas's Wynn Resorts has made a $7.1 billion takeover offer for Australian casino giant Crown Resorts Ltd, a move to expand its global footprint and hedge against the expiration of its license in Macau.