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CWNHB - Crown Resorts News Story

A$92.2 0.4  0.4%

Last Trade - 6:38am

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.51bn
Enterprise Value £3.99bn
Revenue £1.26bn
Position in Universe 85th / 1828

BRIEF-Crown Resorts Signs Divesment Deals To Reduce Debt

Thu 14th December, 2017 5:34am
Dec 14 (Reuters) - Crown Resorts Ltd  CWN.AX : 
    * UNIT TO SELL ITS STAKE IN A 34.6 ACRE VACANT SITE ON LAS 
VEGAS 
BOULEVARD FOR US$300 MILLION TO UNIT OF WYNN RESORTS 
    * TO SELL ITS INTEREST IN PART OF PROPERTY AND OPERATIONS AT 
ELLERSTON IN HUNTER VALLEY FOR $62.5 MLN TO CONSOLIDATED PRESS 
HOLDINGS 
    * REACHED IN-PRINCIPLE AGREEMENT TO SELL 2 FLOORS OF CROWN 
SYDNEY 
RESIDENCES AT CROWN SYDNEY HOTEL RESORT FOR $60 MLN TO JAMES 
PACKER  
    * CONFIRMS IT'S IN DISCUSSIONS WITH CROWNBET MANAGEMENT 
TEAM ON 
POTENTIAL SALE OF CROWN'S 62% INTEREST IN CROWNBET FOR $150 MLN 
    * CROWN'S SHARE OF GROSS PROCEEDS FROM LAS VEGAS BOULEVARD 
DEAL 
EXPECTED TO BE ABOUT US$264 MLN 
    * UNIT RECEIVED DISTRIBUTION OF 4.2 MILLION CAESARS 
ENTERTAINMENT 
CORP SHARES; CO INTENDS TO SELL ITS CAESARS SHARES VALUED AT 
US$54 MILLION 
 
Source text for Eikon:  ID:nASXb8BDw  
Further company coverage:  CWN.AX  
 
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