Wynn Resorts scotches potential takeover of Crown Resorts

Wynn Resorts said Tuesday it was pulling the plug on a potential takeover of Australian gambling giant Crown Resorts that had been seen as fetching about $7.1 billion. "Following the premature disclosure of preliminary discussions, Wynn Resorts has terminated all discussions with Crown Resorts concerning any transaction," Las Vegas-based Wynn said Tuesday. Shares of Wynn were down 3.2 percent at $140.23 at mid-morning in New York.

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