Oct 20 (Reuters) - Crown Resorts Ltd (CWN)
- Update on major initiatives to enhance shareholder value
- Issued an update to market on major strategic initiatives which have been a subject of previous announcements
- Now endorsed implementation of a potential IPO of a 49% interest in some of its Australian hotels and associated retail property
- Proposed demerger is being progressed independently of potential ipo and two initiatives are not inter-conditional
- Work on proposed demerger, in particular, to obtain all necessary approvals is ongoing.
