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The Australian-based Crown Resorts announced that the company and Melco have finally parted ways.

JP Morgan Securities Australia Ltd said Melco Crown move would impact negatively on the industry.

After its annual general meeting, Melco Crown Entertainment Ltd approved its name change to Melco Resorts and Entertainment Ltd.

As part of the company’s capital reorganisation, James Packer has just sold one million Crown notes for US$78,50 each.

The company announced that the new name Melco Resorts and Entertainment will be subject to shareholders.

The casino developer is confident that it will obtain a license in the upcoming Japanese market.

The only casino in Cyprus will be operated by a Melco-Hard Rock consortium.

After Las Vegas Sands’ chairman statement, most renowned brands confirmed their interest in the market.

Operators of the renowned touristic attraction have shown results from the first phase of the year.

Crown Resorts reported that it will cancel its investments in the two biggest gaming hubs: Las Vegas and Macau.

Although the Australian gaming brand is facing hard legal times in China, its numbers keep growing.

Melco Crown will extend its services whilst facing the arrest of 18 employees.

The Philippine Las Vegas-style gaming hub noted a continuous increment in casino revenues.

Although the gaming hub is going through its 25th month of decline, Melco bets on the enhancement.