Company announced last year it was dropping plans to build Alon
Crown Resorts seeks USD 400M for Las Vegas land plot
Australia-based gaming operator has hired brokerage CBRE Group to sell its land plot in the United States, where the Alon casino and hotel project was to be built.
2017-05-22
Reading time 35 seg
Australia-based gaming operator has hired brokerage CBRE Group to sell its land plot in the United States, where the Alon casino and hotel project was to be built.
“This is one of the most exciting properties to become available in Las Vegas in a long time,” listing broker John Knott, head of CBRE’s global gaming group, said in a press release. The brokerage said the land is being offered at USD 400M.
““A subsidiary of Crown Resorts had acquired the parcel of land in Las Vegas in 2014, paying a reported USD 280M.
”
The site was formally occupied by the New Frontier casino.
The Australian company owns 18.4 acres (7.4-hectares) of the site and is leasing the remaining 16.2 acres from the previous owners. CBRE said the rented portion of the land is part of the new deal, according to the Las Vegas Review-Journal.
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