Odds are on for Macau mogul’s gutsy global play, says KatrinaHamlin:
Melco Resorts and Entertainment, a New York listed unit of the Melco gambling group, bought a 75% stake in a Cyprus casino resort from its parent Melco International Development for $375 million, according to a June 24 stock exchange filing.
Separately, Melco Resorts in May agreed to buy 19.99% of Australia’s Crown Resorts for A$1.76 billion . Melco detailed plans to bid for a licence to operate a casino resort in Japan in the company’s 2018 annual report, released on March 29.
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