Australia’s Crown sells Vegas site to Wynn Resorts

2018-01-30 07:58
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SYDNEY – Australia’s Crown Casino said yesterday it had finalised the sale of its interest in a Las Vegas site it had formerly earmarked for a casino.

Crown’s majority-owned Alon Las Vegas Resort sold its stake in a piece of land on the Vegas strip for US$300 million to American gaming giant Wynn Resorts, Crown said in a statement to the Australian Securities Exchange.

Mogul James Packer’s Crown will take about US$264 million of the proceeds, the statement said.

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