Crown Resorts has announced an agreement to sell its Crown London casino, located in Mayfair, to Wynn Resorts, a US-based gaming and hospitality company. The sale aligns with Crown’s strategy to focus on its core Australian operations and divest non-essential assets.
Details of the Agreement
While Crown Resorts has not disclosed the financial terms of the deal, the company confirmed that the transaction is expected to close in the second half of 2025, pending regulatory approval. Crown and Wynn will collaborate to ensure a seamless transition of ownership.
The Crown London venue, previously known as Aspinalls before its acquisition by Crown in 2011, operates as a private members club. It features a gaming floor with table games and electronic gaming machines.
Strategic Focus on Australia
David Tsai, CEO of Crown Resorts since October 2023, commented on the sale, emphasising the company’s commitment to its Australian operations.
“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,” Tsai said.
He added that Crown’s focus remains on enhancing guest experiences at its properties in Melbourne, Perth, and Sydney.
Wynn Resorts’ Global Expansion
Wynn Resorts CEO Craig Billings noted that acquiring the Crown London property adds a prestigious asset to the company’s portfolio, enhancing its presence in a global gateway city. He highlighted the potential for the venue to serve as a link for Wynn’s international clientele, particularly guests visiting its upcoming Wynn Al Marjan Island resort in the UAE.
Wynn continues to expand its global footprint. In addition to its US properties in Las Vegas and Boston, Wynn operates several facilities in Macau, including Wynn Macau, Wynn Palace, and Encore at Wynn Macau. The company’s $5.1 billion (£4.14 billion) UAE project, Wynn Al Marjan Island, is under development and set to open in 2027.
Challenges for Wynn in New York
In contrast to its growth elsewhere, Wynn’s proposal for a casino in New York faces obstacles. This week, the Manhattan community board rejected a proposal for a Hudson Yards casino, citing concerns about its potential impact on the local community.
