Sale of London casino to Wynn finalised by Crown Resorts

As part of its strategy to divest itself of non-essential properties outside of Australia, Crown Resorts has agreed to sell its Crown London casino facility to Wynn Resorts, a company located in the United States.
In a statement issued today (10 January), Crown London Wynn confirmed the news, but did not reveal the transaction's value. Nevertheless, it did state that the acquisition bolsters its determination to expand and enhance its strategic core assets in Australia.

Crown has stated its intention to collaborate with Wynn Resorts in order to facilitate a seamless transfer of ownership. In the second half of 2025, the deal is anticipated to close, provided that all regulatory permissions are met.

Previously known as Aspinalls, Crown London is a Mayfair private members club that was acquired by Crown in 2011. A gaming floor with both traditional table games and modern electronic gambling machines is available at the facility.

Crown is firmly dedicated to investing in Australia
David Tsai, who was appointed permanent CEO of Crown Resorts in October, commented on the transaction, saying that it will let the business to invest more in its core Australian properties.

"Our strategy to invest in our Australian assets and customer offering to deliver sustainable growth for the business in our core market" (transferring ownership of Crown London to a new entity), Tsai stated.

"In keeping with our strategy to become the leading entertainment destinations in Australia, our top priority is to provide our guests in Melbourne, Perth, and Sydney with new and elevated experiences."

The historic asset creates a conduit for Wynn visitors visiting its properties, particularly Wynn Al Marjan Island, and offers the firm a presence in a global gateway city, according to Wynn properties CEO Craig Billings.

Expanding Wynn's business beyond the United States
Though it maintains its headquarters in the United States, Wynn's influence extends well beyond the borders of the nation.

The Wynn Macau, Macau's first casino bearing the Wynn name, began welcomed customers in September 2006. The operator has now opened Encore at Wynn Macau and Wynn Palace.

Its oldest property, Wynn Las Vegas, has been operating since April 2005. Encore Boston Harbour, the newest venue in the group's portfolio, has been open to the public since 2019 in addition to Encore Las Vegas.

But a new facility in the UAE is also in the works for Wynn. According to the most recent report from November, over 50% of the structural concrete for the Wynn Al Marjan Island resort is now finished, and the resort is set to open in 2027.

As of January 2022, the first integrated resort in the United Arab Emirates will be Wynn Al Marjan Island. Roughly £5.10 billion (£4.14 billion/€4.95 billion) is the projected budget for the project.

But Wynn's intentions for a New York casino are still up in the air. Concerned about a "Las Vegas-style monstrosity" near midtown, the Hudson Yards casino project was rejected this week by the Manhattan neighbourhood board.

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