James Packer’s Crown hedges Macau bet

With billions on the table in Sydney and Las Vegas, Australia casino leader Crown Resorts sells down its interest in Melco Crown, the NASDAQ listed vehicle running casinos in Macau and Manila.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.