The Macau-based casino operator that will form the centrepiece of Crown Resorts' proposed international spin-off is worried about an onslaught of new competitors, its chief executive has admitted.
Lawrence Ho, who controls the James Packer-backed Melco Crown Entertainment, also quashed speculation it will buy out its two hedge fund partners from the $4 billion Studio City casino in Macau.
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Perry Williams writes on business from our Sydney newsroom, specialising in gaming and resources. Connect with Perry on Twitter.
