Crown Resorts have announced a pause in trading of its shares amid media reports of a takeover bid. It is suggested the company has attracted the interest of Wynn Resorts.
Whilst Crown has been our preferred exposure, Star Entertainment will also benefit from the improved sector sentiment.
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NOTE: At 10.30am today, CWN confirmed the takeover offer at $14.75 per share 50% cash and 50% Wynn shares.
