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CWNHB - Crown Resorts News Story

A$92 0.1  0.1%

Last Trade - 18/09/20

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.52bn
Enterprise Value £4.00bn
Revenue £1.26bn
Position in Universe 86th / 1830

EXCLUSIVE-Paddy Power has held talks about potential deal with CrownBet -sources

Fri 24th November, 2017 11:02am
LONDON, Nov 24 (Reuters) - Paddy Power Betfair  PPB.I , the 
FTSE 100 gambling company, has held talks to explore a possible 
tie-up with Australia's CrownBet, the online betting unit of 
Crown Resorts, two sources familiar with the matter said on 
Friday. 
    It comes after British betting shop operator William Hill 
 WMH.L  confirmed on Friday that it is in "very preliminary 
discussions" about combining its Australian business with 
CrownBet, which is 62 percent owned by Crown Resorts. Paddy 
Power Betfair operates in Australia through its Sportsbet 
business.  urn:newsml:reuters.com:*:nL3N1NT42K 
    Melbourne-based CrownBet was not immediately available for 
comment. 
 
 (Reporting by Ben Martin; Editing by Keith Weir) 
 ((ben.martin@thomsonreuters.com; Reuters Messaging: 
ben.martin.thomsonreuters.com@reuters.net)) 
 
Keywords: CROWN RESORTS M&A/PADDY POWER
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