Global gaming companies are trying to get bigger as they fend off online gambling
SYDNEY—Wynn Resorts Ltd. of Las Vegas offered to buy Australia’s Crown Resorts Ltd. for about $7.1 billion, in the latest sign that global gambling companies are looking to get bigger as they battle with online gaming.
Wynn’s offer would value Crown at 14.75 Australian dollars a share, compared with Monday’s closing price of A$11.74. Crown shareholders would receive 50% of that amount in cash and 50% in Wynn shares.
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