As at 30 June 2013, Crown held a 33.7% equity interest in MCE. Crown's initial investment in Melco Crown Entertainment was 600 million, the market cap of Crown's investment as at 30 October 2013, was 6.2 billion. At Crown's annual meeting in October 2013 Packer said "Crown's investment through our partnership with Melco International Development has now grown to be one of the largest Australian joint-venture partnerships operating inside China". Crown completed the sell down of this investment in May 2017.