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Crown completes Las Vegas land sale
Sunday 28th of January 2018
Crown Resorts has completed the sale of its 34.6 acre vacant land site in Las Vegas to a subsidiary of Wynn Resorts.
The sale was conducted by its majority owned subsidiary, Alon Las Vegas Resort LLC, which was sold to Wynn Resorts for US$300 million.
According to a filing from the operator on Monday, Crown’s share of the proceeds is approximately US$264 million.
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