Crown Resorts logo

CWNHB - Crown Resorts News Story

A$92 0.1  0.1%

Last Trade - 18/09/20

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.52bn
Enterprise Value £4.00bn
Revenue £1.26bn
Position in Universe 86th / 1830

Australia's Crown Resorts signs several divestment deals to reduce debt

Thu 14th December, 2017 6:18am
Dec 14 (Reuters) - Australian casino operator Crown Resorts 
 CWN.AX  said on Thursday it has signed several divestment deals 
as part of its ongoing debt reduction strategy, including the 
sale of its interest in a Las Vegas site for $300 million to a 
unit of Wynn Resorts Ltd  WYNN.O .  
    The company said in a statement it expects gross proceeds of 
$264 million from the sale of the Las Vegas site. 
    Crown has been retreating from a decade-long foray into the 
global gaming hub since 18 staff were arrested for gambling 
crimes in China last October amid a broader crackdown on 
corruption.  urn:newsml:reuters.com:*:nL4N1IA6FQ 
 
 (Reporting by Christina Martin in Bengaluru; Editing by 
Muralikumar Anantharaman) 
 ((christina.martin@thomsonreuters.com; +91-80-6749-9182; 
Reuters Messaging: 
christina.martin.thomsonreuters.com@reuters.net)) 
 
Keywords: CROWN RESORTS DIVESTITURE/
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.