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

Casey Brown
From Poverty to Pricing Power | Why Great Companies Undercharge
April 2, 2026

Casey Brown didn’t grow up thinking she would become an entrepreneur. She grew up in a blue-collar family where money was always tight — close enough to the edge that the fear of poverty shaped many of her early decisions. That fear led her into engineering, into corporate America, and eventually into a moment…

Read More
Nightingales Summit: Empowering the Next Generation of Nigerian Nurses
Nightingales Summit: Empowering the Next Generation of Nigerian Nurses
April 2, 2026

In this episode of Care Anywhere, host Lea Sims sits down with Nigerian nurse entrepreneur and advocate Obafemi Arowosegbe to discuss leadership, mentorship, and the future of nursing in Africa. While still a nursing student, Obafemi founded the Nightingale Summit, a growing conference designed to empower nursing students and early-career nurses with leadership skills,…

Read More
Oncology
From Denial to Access: Rethinking Oncology Care Through AI, Clinical Trials, and Patient-Centered Innovation
April 1, 2026

The rapid expansion of precision medicine, biologics, and targeted cancer therapies is transforming oncology—but it’s also overwhelming a system not built to keep pace. In the U.S., cancer drugs now account for some of the highest-cost treatments in healthcare, and with that has come a surge in prior authorization requirements and denials. Studies suggest physicians…

Read More
Firefly
Pursuing the Impossible: The New Space Race with Firefly Aerospace Co-Founder Eric Salwan
April 1, 2026

Many companies set out to do something hard. Firefly Aerospace set out to do the impossible. After 10 years and several existential moments, Firefly did what no private company ever had: in 2025, it successfully landed on the Moon. Before Firefly, only countries had ever landed on the Moon—and it took extraordinary national effort…

Read More