PHOTO: Sin City: James Packer has pulled back from his ambition to turn Crown into a global casino empire. AFP.
Billionaire James Packer’s Crown Resorts has sold its stake in a large site on the world-famous gambling strip, Las Vegas Boulevard, as the company continues withdrawing from its overseas ambitions.
The ASX-listed casino giant told the market on Monday it had finalised the sale of its interest in the 14-hectare vacant Las Vegas site, where it had once planned to build a casino, to a subsidiary of Wynn Resorts.
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