M&A

CrownBet management team acquires majority stake in operator

Current chief executive Matthew Tripp leads buy-out of Crown Resorts’ stake in online betting firm

Crown Resorts has sold its 62% stake in online wagering business CrownBet to a group of investors led by the CrownBet management team. The consortium will pay A$150m (£87m) for the stake, with the deal expected to complete before the end of February 2018. The investment group is led by current CrownBet chief executive Matthew…

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