Lawrence Ho, chairman of Melco Resorts and Entertainment, has acquired a stake in Australia’s Crown Resorts. Photo: Agence France-Presse

Macau gambling tycoon Stanley Ho’s son buys 20 per cent stake in Australia’s Crown Resorts for US$1.3 billion

  • Lawrence Ho’s Melco Resorts acquires Crown stake after the Australian company’s talks to sell the entire group to Wynn Resorts fell through in April
  • Deal brings together Ho and James Packer who were partners in a joint Macau casino operation
Topic |   Luxury & Gaming

TOP PICKS

Lawrence Ho, chairman of Melco Resorts and Entertainment, has acquired a stake in Australia’s Crown Resorts. Photo: Agence France-Presse
READ FULL ARTICLE