Wynn makes $7.1 billion buyout play for Australian casino giant Crown

FILE PHOTO - The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Picture

SYDNEY (Reuters) – Australian casino giant Crown Resorts said on Tuesday it had received an indicative A$10 billion ($7.1 billion) takeover offer from Las Vegas’s Wynn Resorts, sending Crown’s shares soaring as investors bet on an even higher bid. A sale would mark an end to Crown 47-percent owner James Packer’s 12-year foray into casinos […]

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