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

team
When Your Team Becomes the Bottleneck
February 25, 2026

In a candid take on organizational blind spots, Mollie Gaby, Principal at CG Infinity, highlights a hard truth many leaders avoid: sometimes your biggest pain point isn’t your technology or your strategy — it’s your staff. A common red flag is resistance to change. When team members are unwilling to explore new tools, automate…

Read More
asset visibility
Diagnosing Your Capital Asset Health: Why Asset Visibility Is the New Financial Imperative in Healthcare
February 25, 2026

Hospitals and surgery centers own millions of dollars in equipment — but owning assets and having actionable visibility into them are two different things. Most systems maintain inventories, yet many struggle with outdated records, fragmented tracking, and limited insight into useful life or service contracts. With nearly half of U.S. hospitals reporting negative operating…

Read More
CFO
From Public Accounting to CFO: The Leadership Wake-Up Call
February 25, 2026

The CFO seat is being rewritten in real time. Today’s finance leaders are expected to drive growth, lead enterprise-wide systems transformations, and shape AI strategy—while still keeping the close, controls, and capital story airtight. Gartner reports that 59% of finance leaders are already using AI in the finance function, underscoring how rapidly the role is…

Read More
restorative practices
Building Safer Schools Through Restorative Practices
February 24, 2026

School Safety Today podcast, presented by Raptor Technologies. In this episode of Principals of Change, host Dr. Amy Grosso sits down with D’Jon Pitchford, Assistant Principal at Kelly Lane Middle School in Pflugerville ISD, to explore what school safety really means. Pitchford reframes safety as more than physical security—emphasizing trust, restorative practices, campus culture,…

Read More