Packer cashes out of Melco Crown with $670m block

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Packer cashes out of Melco Crown with $670m block

John Loh
December 16, 2016 09:00 AM
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Australian casino tycoon James Packer sold his stake in Melco Crown Entertainment, his Asian joint venture with Hong Kong magnate Stanley Ho, in a $669.9m overnight bookbuild on Thursday.

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