Casino operator Melco rethinks Crown deal as coronavirus hits travel

Melco Resorts & Entertainment Ltd said on Thursday it has shelved plans to raise...

) as the coronavirus outbreak in China forces the casino operator to rethink its non-core investments.

Melco, which currently holds 9.99% in Crown Resorts, also abandoned plans for a seat on Crown’s board.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla ‘casino’ lures back famed short sellerAndrew Left of Citron Research on Tesla Inc. stock: ‘Whoever bought it at these prices has to flush it.’
Read more »

Famed short seller tells MarketWatch why he’s betting against Tesla’s ‘casino’Andrew Left of Citron Research on Tesla Inc. stock: ‘Whoever bought it at these prices has to flush it.’
Read more »

Nelly Goes On Epic Rant At Casino, 'Get Off My Nuts'Nelly loses his cool at a casino, argues with the pit boss and tells gamblers to 'get off my nuts.'
Read more »

Coronavirus live updates: Mnuchin says coronavirus won't hurt China trade deal, Yum warns on virus hitAs of Thursday, more than 28,000 cases of coronavirus have been reported, resulting in at least 565 deaths.
Read more »

U.S. jet fuel prices hit by demand fears on coronavirusFalling demand for jet fuel worldwide because of the deadly coronavirus has hit ...
Read more »