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hard rock casino garyBlackstone is buying 10 percent of James Packer’s Crown Resorts from Lawrence Ho’s Melco on the cheap.The relationship between Lawrence Ho’s Melco and Packer’s Crown became frayed, as media reports surfaced in 2019 indicating that Ho may have been involved with a company barred from doing business with Crown.Wynn Macau, the company’s China unit, already said it expects first-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) to be materially affected by the COVID-19 pandemic.casino free slots machines 100Those shutdowns follow a 15-day halt in business in Macau, a market that in any given quarter can account for two-thirds to 80 percent of the operator’s earnings and revenue.40 percent year-to-date.Like other gaming companies, the City of Dreams operator is searching for more cash, and the sale of its Crown stake, albeit at a loss, is an easy avenue for bolstering its balance sheet.riverwind casino sports book

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