Australian Crown Resorts has announced the sale of its only international casino, Crown London, to Wynn Resorts. The financial details of the deal remain undisclosed.
In a statement released on Friday, the company explained that the decision aligns with its strategy to focus on developing key assets in Australia, including Crown Melbourne, Crown Sydney, and Crown Perth.
The transaction is expected to be completed in the second half of 2025.
“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,” noted Crown CEO, David Tsai.
“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.”
Wynn Resorts CEO Craig Billings added, “This acquisition of an iconic asset offers us a presence in a global gateway city and will create a conduit for Wynn guests to visit our resorts, particularly Wynn Al Marjan Island which is slated to open in the first quarter of 2027 in Ras Al Khaimah in the United Arab Emirates.”
Crown London Casino, formerly known as Aspinall’s, became part of Crown Resorts in 2011.
This members-only casino is located across two historic townhouses in London’s Mayfair district. It features 20 gaming tables in elegant salons, as well as a cozy restaurant and lounge for guests. According to Wynn, the casino will continue operating under the Crown London brand until the deal is finalized.
Crown emphasized that it will work closely with Wynn Resorts to ensure a seamless transition of the business after Wynn secures all necessary approvals.
The sale of Crown London represents the latest step in the company’s efforts to sell off non-core assets, including the divestment of its 20% stake in the global Nobu restaurant chain last year.
It is also worth noting that, due to challenging conditions in the Australian market and ongoing regulatory pressures, Crown reported a net loss of AUD 164.8 million (USD 111 million) for the 12 months ending June 30, 2024, with flat revenues compared to the previous year.
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