But it won't go forward unless gambling regulators in Pennsylvania also approve it
Nevada regulators approve deal for Cannery Casino Resorts
(US).- Nevada gambling regulators have unanimously approved a us$ 1.8 billion all-cash transaction for Melbourne, Australia-based Crown Ltd. to buy Cannery Casino Resorts for us$ 1.8 billion in an all-cash transaction.
2009-01-22
Reading time 18 seg
The deal approved this week by the Nevada Gaming Commission won’t go forward unless gambling regulators in Pennsylvania also approve it.
Crown owns and operates properties in Australia, Britain, Canada and Macau. Cannery Casino Resorts will be held as a subsidiary of Crown Ltd., which is publicly traded on the Australian Securities Exchange.
The Nevada commission also granted a non-restricted license for the us$ 1 billion M Resort, scheduled to open March 1 south of the Las Vegas resort corridor.
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