Late on Friday morning, 31st May 2019, Crown’s largest shareholder, James Packer, announced that he had sold half of his stake in CWN for $1.8 billion to former Macao casino partner Lawrence Ho. Ho’s purchase works out at $13 per share for 19.9% of the company. Dive puts Crown through the Quality Filter Model (QFM) to see how the risks outweigh the benefits of investing in CWN.
Crown Resorts (CWN) with Hugh Dive form Atlas Funds Management
