August 9, 2019 / 2:13 AM / 4 months ago

Melco Resorts to cooperate with Australian inquiry into Crown stake

FILE PHOTO - A general view of Crown Towers as part of City of Dreams, owned by Melco Crown Entertainment, in Macau, China November 18, 2015. REUTERS/Bobby Yip

(Reuters) - Melco Resorts & Entertainment (MLCO.O) said on Friday it will cooperate with an Australian gaming regulator’s inquiry into its $1.2 billion stake purchase in Crown Resorts (CWN.AX).

The regulator in Australia’s New South Wales state has ordered Crown and other parties to hand over documents for investigation.

Reporting by Niyati Shetty in Bengaluru; Editing by Stephen Coates

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