Wynn Resorts has reached agreement with Crown Resorts to acquire its Crown London casino, as the Australian giant seeks to focus on growing and developing its core assets in its home market.
The value of the deal has not been revealed, but subject to regulatory approvals, completion is expected within the second half of 2025.
Located in the heart of Mayfair, Crown London is a private members club, first established by John as a dining club in the 1960’s, rebranded as a casino called Aspinall’s in 1992 and acquired by Crown in 2011.
David Tsai, CEO of Crown Resorts, said in a January 10th statement: “The sale of Crown London aligns with our strategy to invest in our Australian assets and customer offering to deliver sustainable growth for the business in our core market.
“Our priority is to deliver new and elevated experiences for our guests in Melbourne, Perth and Sydney in line with our strategy to be the leading entertainment destinations in Australia.”
Craig Billings, Wynn Resorts CEO, added that the iconic asset offers Wynn Resorts a presence in a global gateway city and will create a conduit for Wynn guests visiting its resorts, particularly Wynn Al Marjan Island.
