SYDNEY, May 9 (Reuters) - Australian billionaire James Packer's casino group Crown Resorts Ltd (CWN) agreed late on Monday to sell its remaining stake in Macau-focused Melco Resorts and Entertainment Ltd
for $1.16 billion, ending its exposure to the Asian gaming hub. Melco said in a statement it would buy back Crown's 11.2 percent stake in the company, while Crown said separately the agreement was expected to be completed on May 15.
