Macquarie leaves the Neutral rating and $10.40 target price unchanged after the announcement that Crown Resorts can retain its Crown Melbourne casino licence. It's thought domestic trading volumes may be impacted from potential regulatory reforms.

The analyst is not ruling out value creation opportunities by management, including potential capital management. In terms of M&A, there's considered a chance Star Entertainment Group ((SGR)) may re-assess a merger proposal, now that there is greater regulatory certainty.

Sector: Consumer Services.

Target price is $10.40.Current Price is $10.50. Difference: ($0.10) - (brackets indicate current price is over target). If CWN meets the Macquarie target it will return approximately -1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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