Feb 23 (Reuters) - Crown Resorts Ltd (CWN) :
- Proposed Crown REIT IPO will not proceed at this time
- Intends to undertake an on-market share buy-back of approximately $500 million commencing following receipt of regulatory approvals
- Crown now intends to adopt a new dividend policy
- Crown now intends to undertake a buy-back of subordinated notes listed on asx under code "cwnha"
- Adopted a new dividend policy to pay 60 cents per share on a full year basis, subject to company's financial position
