It was a break-up that almost everyone is approve of – and we are not talking about Australian billionaire James Packer’s love life.

Australian state regulators and credit analysts have given the plan of Australian casino operator Crown Resorts to separate its solidly performing Australian operations from the struggling Macau business a positive feedback, according to The Australian Financial Review.

Crown chief executive Rowen Craigie confirmed that the negotiations between the casino operator and the Australian government on its plans to split its “high-performing” Australian assets and its international business and to create a property trust could see a positive conclusion as soon as the end of this year.

The domestic business of Crown includes its Melbourne, Perth, Sydney and Aspinalls casinos while its international arm houses 27 per cent stake in Macau-focused Melco Crown Entertainment.