HONG KONG: Casino billionaires Lawrence Ho and James Packer have said their last adieu to a decade-long gaming partnership in Macau, with each going in opposite directions.
Packer’s Crown Resorts Ltd. said it’s selling the last of its stake in Melco Resorts & Entertainment Ltd. and will receive about US$987mil from the transaction, according to an exchange filing Tuesday. The company said it will use the net proceeds to reduce Crown’s net debt.
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