CWN 0.25% $12.09 crown resorts limited

News: Australian casino giant Crown Resorts downgrades revenue, quits demerger

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    SYDNEY, Dec 15 (Reuters) - Australia's biggest casino company Crown Resorts Ltd (CWN) said first half revenue fell 12 percent due to a reduction in VIP gamblers as it announced plans to raise A$1.6 billion by selling shares in Macau-based company Melco Crown Entertainment Ltd .

    Sydney-listed Crown also said in a regulatory filing on Thursday that it was cancelling a planned demerger of its international assets, although it would still spin off some Australian hotel properties.

 
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