Crown Resorts agrees to $150m sale of CrownBet

Photo of Crown Resorts agrees to $150m sale of CrownBet

Entertainment group says it will offload its 62% stake in online betting site as part of a string of asset sales

Crown Resorts has agreed to the $150m sale of its majority stake in the bookmaker CrownBet and expects to complete the divestment by the end of February.

On Friday Crown said it had entered into an agreement for the sale of its 62% stake – along with loans advanced by it to CrownBet – to investors including the CrownBet chief executive, Matthew Tripp.

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