Business
Crown (ASX:CWN) share price on watch after being told to delay Crown Sydney opening // Motley Fool Australia
The Crown Resorts Ltd (ASX: CWN) share price will be on watch tomorrow if it returns from its trading halt.
Why is the Crown share price in a trading halt?
The casino and resorts operator requested a trading halt this afternoon pending the release of a response to a letter received from the New South Wales Independent Liquor and Gaming Authority (ILGA).
This letter is in relation to the long-awaited opening date of Crown Sydney in Barangaroo.
What is happening?
This afternoon the New South Wales ILGA held a press conference which revealed that it will prevent the casino and resorts operator from opening Crown Sydney in December as previously planned.
According to the ABC, the gambling regulator has said that it is “not…
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