Wynn Resorts (NASDAQ: WYNN) announced late Thursday that it’s purchasing the famed Crown London casino from current operator Crown Resorts. The Crown London, a private casino. Wynn Resorts is buying the venue for an undisclosed price. (Image: Crown London) Financial terms of the transaction, which is expected to close in the second half of this year, weren’t revealed. Located in London’s Mayfair District, Crown is a members-only casino founded by John Aspinall. Australia-based Crown Resorts acquired the venue in 2011. Crown London spans two historic townhouses at 27-28 Curzon Street, Mayfair, London. It offers 20 gaming tables in a variety of sophisticated salons, as well as an intimate restaurant and lounge for entertaining. The casino will operate under the Crown London name until the transaction closes,” according to a statement issued by Wynn. When Crown London bears the Wynn name — one of the most valuable brands in the gaming industry — it will mark the first time the operator’s… Read More
Category: Commercial Gaming, Financial, Mergers and Acquisitions, commercial gaming, mergers and acquisitions
Source: Casino.org
