Australia’s Crown Resorts has announced that it has entered into an agreement to sell Crown London to Wynn Resorts.
According to a company release on Friday, the sale is expected to be completed by the second half of 2025.
This is just the latest of Wynn Resorts’ international forays, after its investment in the multi-billion-dollar Ras Al Khaimah integrated resort Wynn Al Marjan Island in the United Arab Emirates.
Speaking of the new disposal, Crown Resorts CEO David Tsai indicated that “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”.
Wynn is acquiring the members-only casino in the heart of London’s Mayfair district, which features 20 gaming tables, a restaurant and lounge.
Operations will continue under Crown’s name until the deal is finalized.
The total amount of the purchase was not publicly disclosed.
