Crown Resorts Limited Sells off Global Stake in Las Vegas
Recently updated on February 1st, 2026
Crown Resorts Limited, the Australian gaming firm, has faced significant challenges recently. The casino operator was in the headlines for its involvement in the Macau arrests of 18 employees. Since then, they’ve run into trouble with Australian authorities and investors. In the case of the investors, Crown Resorts had failed to mention the arrests and how they would impact their stakes in the Melco Crown venture.
However, these problems have led the Crown to abandon all plans of expanding its business beyond Australia. This week, they completed the sale of their Alon Las Vegas property to Wynn Resorts. The selling price for the 34.6 acre property was US$300 million (±NZ$407 million). This sale forms part of a US$567 million (±NZ$769 million) cost-cutting plan set out by the disgraced casino operator to recoup its Macau losses. Other notable cuts include their Macau resort stake to Melco Resorts and Entertainment.
More trouble for Crown Resorts Limited
In late 2017, Crown Resorts Limited ran into trouble with the Australian courts for slot tampering at the Crown Melbourne. According to reports, they had illegally changed Aristocrat games to tempt gamblers. One case involves a gambling addict who filed a suit against the casino operator and Aristocrat. However, the federal government has also been made aware of the allegations. An investigation is reportedly underway.
Alon Las Vegas Property
The sale of the Alon property is quite a hard knock for the casino chain. They purchased the property in 2014, and had plans for a large resort. Their plan for the venue included a casino floor with 1100 gaming tables and machines, as well as the same number of hotel rooms. Additionally, they had planned a large ballroom, pool area and nightclub on the property.
To make matters worse, they have sold a 62% stake in CrownBet and a US$56 million (±NZ$76 million) stake in Caesars Entertainment. Hopefully, Crown Resorts Limited will be playing more carefully with their bets in 2018.
Published by Taralynn
February 1, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
About the Author
Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content.
Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.
More Posts from Taralynn.
Related Posts
Published by Mark
January 28, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on January 28th, 2026Fox Entertainment is striking back at Genting with a US$46.4 million (NZ$67.83 million) countersuit. In case you missed it, Fox cancelled its licence for its Fox World theme park. Which has yet to be completed at the Resorts World Genting complex in Malaysia. Fox, together with The Walt Disney Company […]
Published by Taralynn
January 12, 2026
Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on January 12th, 2026This year’s top operators and software providers have been announced at the Global Gaming Awards. The ceremony, held at the Sands Expo Center in Las Vegas, opened the 2018 Global Gaming Expo (G2E). Winners were voted on by 70 gambling industry judges, and the awards were handed out in front […]
Published by Mark
February 17, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on February 17th, 2026In a report by the Times of Malta, six Malta-based gambling companies had their transactions banned by the Norwegian Gaming Authority, Lotteritilsynet. The watchdog ordered its banks to block all payments linked to gambling-related transactions. Read on for more. According to the spokesperson of NGA, Norwegian banks are restricted from transferring […]
Published by Taralynn
April 20, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on April 20th, 2026At least four out of ten loot crates studied by the Dutch gambling regulator, Kansspelautoriteit, violate the Betting and Gaming Act. In a report by the regulator, the study found that these prizes could be traded and had a real-world value. As such, their inclusion in games of skill put […]
Published by Taralynn
April 4, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on April 4th, 2026Australia’s ongoing difficulties with attracting overseas high rollers to casinos may just have a new solution. The Star Entertainment Group has just signed a shareholder deal with two foreign investors based in Hong Kong, namely Far East Consortium International Limited and Chow Tai Fook Enterprises Limited. These firms acquired a […]
