Oct 20 (Reuters) - Crown Resorts Ltd CWN.AX
* Update on major initiatives to enhance shareholder value
* Issued an update to market on major strategic initiatives which have been a subject of previous announcements
* Now endorsed implementation of a potential IPO of a 49% interest in some of its Australian hotels and associated retail property
* Proposed demerger is being progressed independently of potential ipo and two initiatives are not inter-conditional
* Work on proposed demerger, in particular, to obtain all necessary approvals is ongoing. Source text for Eikon: ID:nASX2BmhRk Further company coverage: CWN.AX
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