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News: CWN Australia's Crown Resorts to sell CrownBet stake for $117 million

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    29/12/17
    15:45
    Post #: 29936315

    Dec 29 (Reuters) - Australian casino operator Crown Resorts (CWN) said on Friday it has agreed to sell its stake in online betting firm CrownBet for A$150 million ($117 million), seeking to cut debt.

    The company said it will sell its 62 percent interest, together with loans advanced by Crown, to an entity associated with other shareholders in CrownBet.

    ($1 = 1.2830 Australian dollars)

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