Wednesday, December 14, 2016

UPDATE 1-Australia's Crown Resorts warns of revenue fall, plans to quit demerger

SYDNEY, Dec 15 (Reuters) - Australian casino company Crown

Resorts Ltd said first-half revenue would fall 12

percent due to a slump in turnover from VIP gamblers, and

announced plans to raise A$1.6 billion by selling shares in

Melco Crown Entertainment Ltd.

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