As a result of the ongoing regional conflict, Wynn Resorts is considering postponing the official opening of the $5.1 billion worth Al Marjan casino resort in the UAE.The...
Wynn Resorts takes over Crown London to expand global reach
Wynn Resorts will be buying Crown London from Crown Resorts, with the deal anticipated to be completed in the second half of 2025.
Wynn Resorts will be taking over Crown London as soon as the deal achieves regulatory approval and the transition period is completed.
Wynn Resorts CEO Craig Billings said:
“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.”
The announcement was made soon after Tsai was appointed CEO in November 2024. Since joining Crown, Tsai has been undertaking improvement initiatives for customer experiences at Crown’s resorts in Australia, focusing on the properties in Melbourne, Perth, and Sydney.
Crown CEO David Tsai stated:
“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.”
The sale of Crown London also comes with broader changes to its operations, including major job cuts in 2024 because of economic challenges and stricter regulations in Australia’s gambling market.
For Wynn Resorts, taking over Crown London offers an opportunity to broaden its global footprint.
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