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HomeNewsDaily Asia Gaming eBrief: Crown Resorts divests One Queensbridge for $57M

Daily Asia Gaming eBrief: Crown Resorts divests One Queensbridge for $57M

Good morning. Crown Resorts has sold the One Queensbridge development site in Melbourne for $57.05 million as part of Blackstone’s strategy to recover the group from financial struggles. Originally intended for a $1.17 billion hotel and apartment complex, those plans were suspended in 2019. Meanwhile, INTERPOL announced that a major international sting operation against illegal football gambling has resulted in over 5,100 arrests and the recovery of more than $59 million in illicit earnings. In Macau, authorities are investigating complaints by mainland Chinese tour groups that they were asked for entry fees by tour guides when entering casinos in Macau.

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Crown Resorts, One Queensbridge, Australia

Crown Resorts sells One Queensbridge site for $57 million

Crown Resorts has sold the One Queensbridge development site in Melbourne for AU$85 million ($57.05 million) as part of a financial restructuring strategy led by its private equity owner, Blackstone. Originally intended for a $1.75 billion hotel and apartment complex, the plans were abandoned in 2019. Crown Resorts reported a narrowed loss of AU$164.8 million ($111 million) for the fiscal year ending June 30th, 2024, a 17.4 percent improvement from the previous year.


Corporate Spotlight

Altenar brings premium sportsbook solution to Asia

Altenar brings premium sportsbook solution to Asia

Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.

1xBet, The most popular gambling games and slots in Asia

For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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