Melco abandons bid for 20% of Crown Resorts due to coronavirus outbreak

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Statement attributes move to drop in tourism and decision by authorities to shut Macau casinos

Melco Resorts, the casino group controlled by the Hong Kong magnate Lawrence Ho, says it has abandoned its plans to buy shares in James Packer’s Crown Resorts because of the coronavirus outbreak.

Source: Holiday News (holidaynews.net)

 

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