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CWNHB - Crown Resorts News Story

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Last Trade - 18/09/20

Consumer Cyclicals
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 
 (Reporting by Christina Martin in Bengaluru; Editing by 
Muralikumar Anantharaman) 
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