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CWNHB - Crown Resorts News Story

A$92.6 0.2  0.2%

Last Trade - 7:10am

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.44bn
Enterprise Value £3.91bn
Revenue £1.24bn
Position in Universe 85th / 1829

BRIEF-Crown Resorts Signs Divestment Deals To Reduce Debt

Thu 14th December, 2017 6:52am
Dec 14 (Reuters) - Crown Resorts Ltd  CWN.AX : 
    * TO SELL INTEREST IN PART OF PROPERTY, OPERATIONS AT 
ELLERSTON 
FOR $62.5 MILLION TO CONSOLIDATED PRESS, ENTITY OF GRETEL PACKER 
    * UNIT TO SELL STAKE IN 34.6 ACRE VACANT SITE ON LAS VEGAS 
BOULEVARD FOR $300 MILLION TO UNIT OF WYNN RESORTS 
    * UNIT RECEIVED DISTRIBUTION OF 4.2 MILLION CAESARS 
ENTERTAINMENT 
CORP SHARES; CO TO SELL ITS CAESARS SHARES VALUED AT $54 MILLION 
    * REACHED IN-PRINCIPLE AGREEMENT TO SELL 2 FLOORS OF CROWN 
SYDNEY 
RESIDENCES AT CROWN SYDNEY HOTEL RESORT FOR $60 MILLION TO JAMES 
PACKER 
    * CONFIRMS IT'S IN DISCUSSIONS WITH CROWNBET MANAGEMENT 
TEAM ON 
POTENTIAL SALE OF CROWN'S 62 PERCENT INTEREST IN CROWNBET FOR 
$150 MILLION 
    * CROWN'S SHARE OF GROSS PROCEEDS FROM LAS VEGAS BOULEVARD 
DEAL 
EXPECTED TO BE ABOUT US$264 MILLION 
 
Source text for Eikon:  ID:nASXb8BDw  
Further company coverage:  CWN.AX  
 
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