April 9, 2019 / 1:49 PM / in a year

Wynn ends deal talks with Crown Resorts

FILE PHOTO: An exterior view Wynn hotel-casino in Las Vegas, Nevada, U.S., February 7, 2018. REUTERS/Steve Marcus/File Photo

(Reuters) - Casino operator Wynn Resorts Ltd said on Tuesday it terminated takeover discussions with Australia’s Crown Resorts.

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

Earlier in the day, Crown Resorts said Wynn made an A$10 billion ($7.1 billion) takeover approach for the company.

Wynn’s shares were last down 3.2 percent.

Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel

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