Thursday, August 11, 2022

Crown completes Las Vegas land sale


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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