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

Volvo
Inside the Next Era of Trucking: Volvo’s Vision for Autonomous Tech, Driver Experience, and Global Logistics
May 5, 2026

Supply chains are under pressure like never before—fuel prices are volatile, driver shortages persist, and new technologies are rewriting the rules in real time. In fact, at major U.S. truckload carriers, driver turnover has historically exceeded 90% annually—highlighting just how urgent it is to improve both efficiency and the driver experience. Trucking isn’t just…

Read More
healthcare
The Best Healthcare Platforms Are Built on Clear Communication, AI-Human Collaboration, and a Deep Understanding of the “Why”
May 4, 2026

Healthcare is being pushed to modernize faster than ever, as AI tools, virtual care, and digital patient experiences shift from innovation to expectation. Recent survey data from McKinsey & Company indicates that about half of U.S. healthcare leaders say their organizations have already put generative AI into practice, underscoring how quickly the technology is…

Read More
Texas
Policy, Patients, and the Future of Healthcare: How Texas Plans to Fix a Strained System
May 4, 2026

The U.S. healthcare system is under real strain—and it’s something both patients and physicians are feeling in everyday care. In Texas, those pressures are even more visible, where rapid population growth, rural access challenges, and regulatory complexity are making it harder for patients to get timely care and for doctors to focus on medicine…

Read More
adaptive learning
Scaling Career-Ready Skills: How Adaptive Learning and Generative AI Are Transforming Higher Education
May 4, 2026

Skills-based learning has moved from buzzword to mandate as colleges face mounting pressure to connect credentials, employability, and measurable learner outcomes. Employers are increasingly using skills-based hiring practices, and NACE’s Job Outlook 2026 notes that students need to demonstrate concrete examples of skills in action during hiring processes. At the same time, higher education…

Read More