Crown Resorts Sells Vegas Lot to Wynn Resorts

It was announced on Monday that Crown Resorts completed the sale of its subsidiary Alon Las Vegas Resorts to Wynn Resorts for approx. $300 million. The sale is the latest development of reported disinvestments undertaken by Crown Resorts over the past year, with the aim of re-evaluating its business interests.
The company originally planned to develop the land into an Alon hotel and casino, and will be using the proceeds of the sale to pay off company debt. The decision comes on the heels of a series of arrests in 2016 where a group of Crown employees promoted gambling to Chinese citizens and the company decided to reevaluate plans for international expansion.
This is the company’s second attempt to establish a casino in Las Vegas, but backed out of a 2009 deal due to the unfavourable economic climate. They were forced to pay a breakup fee of $320 million with it’s then partner Cannery Casino Resorts.
With the focus now off international development, Crown is setting its sights on it’s local resorts in Melbourne and Perth, and plans to build a new casino resort in Barangaroo, Sydney are also in the works.

Follow us on social media for the latest updates in B2B!

Image

Latest

finance
Dr. Silver Kung’s Path From $10 Million in Debt to a Multibillion-Dollar Finance Career
May 21, 2026

Global finance is being tested by forces that no balance sheet can fully predict: unstable supply chains, geopolitical shocks, tighter credit conditions and the accelerating rise of AI. In trade finance especially, success depends on more than capital; it requires judgment, discipline and the ability to see risk before it becomes disruption. As automation…

Read More
specialty pharmacy
At the Center of Care: How Specialty Pharmacy Aligns Patients, Providers, and Payers
May 21, 2026

As healthcare costs continue to rise, more patients are finding themselves navigating not just illness, but the growing complexity of paying for treatment. Specialty pharmacy sits right at the center of that challenge—often out of sight, but increasingly essential to how modern care actually works. These high-cost, high-touch therapies now make up more than…

Read More
Language development
Just Thinking… About How Multilingualism and Language Development Belong at the Center of Student Learning
May 20, 2026

For millions of students in America, learning English is only one part of a much larger academic story. A 2024 GAO report found that English learners in U.S. public schools grew from 4.5 million to 5 million students between fall 2010 and fall 2020, and that they speak more than 400 languages. That diversity…

Read More
AI Infrastructure
Simplifying AI Infrastructure: From Data Center to Deployment (Part 1)
May 19, 2026

In this episode of the Flawless Execution podcast, Jeff Hudgins, VP of Global Services at UNICOM Engineering, breaks down the real-world challenges of deploying AI infrastructure at scale. As AI moves from one-off builds to repeatable global deployments, OEMs, ISVs, and enterprises face increasing complexity across design, integration, cooling, logistics, and installation. Jeff discusses how…

Read More