In a statement released today (10 January), Crown did not disclose the financial terms of the transaction.

Crown Resorts has announced an agreement to sell its Crown London casino venue to US-based Wynn Resorts as part of its strategy to divest non-core assets outside of Australia.

In a statement released today (10 January), Crown did not disclose the financial terms of the transaction. However, the company emphasized that the sale aligns with its focus on growing and developing its core assets in Australia. Crown also confirmed it will work closely with Wynn Resorts to ensure a smooth transition of ownership, with the deal expected to close in the second half of 2025, subject to regulatory approvals.

Located in Mayfair, Crown London—formerly known as Aspinalls before Crown acquired it in 2011—features a gaming floor with table games and electronic gaming machines.

Commitment to Australian Investments

David Tsai, Crown Resorts’ permanent CEO since October, highlighted the strategic benefits of the sale:
“The sale of Crown London aligns with our strategy to invest in our Australian assets and customer offering to deliver sustainable growth for the business in our core market.
Our priority is to deliver new and elevated experiences for our guests in Melbourne, Perth, and Sydney in line with our strategy to be the leading entertainment destinations in Australia.”

Wynn’s Expanding Global Presence

While Wynn Resorts has yet to comment on the acquisition, the company’s international portfolio continues to grow. Headquartered in the US, Wynn operates a number of notable properties, including Wynn Macau, Wynn Palace, and Encore at Wynn Macau, alongside its flagship properties in Las Vegas and Boston Harbor.

In addition, Wynn is currently developing Wynn Al Marjan Island in the United Arab Emirates (UAE), slated to open in 2027. Announced in January 2022, the integrated resort is the first of its kind in the UAE and carries an estimated development cost of $5.10 billion (£4.14 billion/€4.95 billion). More than half of the structural concrete has already been completed, with updates expected as construction progresses.

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