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Wynn Resorts ends takeover talks with Australia’s Crown Resorts

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Wynn Resorts released the following statement today:

“Following the premature disclosure of preliminary discussions, Wynn Resorts has terminated all discussions with Crown Resorts concerning any transaction.”

Shares of Melbourne-based Crown spiked 21% in Sydney, after the Las Vegas Wynn Resorts had approached Crown Resorts about a 10 billion Australian dollar takeover.

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Chief Assignment editor is OlegSziakov