{"id":222,"date":"2024-06-27T00:29:16","date_gmt":"2024-06-26T21:29:16","guid":{"rendered":"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/"},"modified":"2024-06-27T00:29:16","modified_gmt":"2024-06-26T21:29:16","slug":"wynn-resorts-in-talks-to-buy-crown-resorts","status":"publish","type":"post","link":"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/","title":{"rendered":"Wynn Resorts in Talks to Buy Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Mog-ZhCrpFQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A Nevada-based gaming enterprise, Wynn Resorts, is in negotiations to purchase the Australian gambling firm, Crown Resorts. The proposed purchase price is A$14.75 per share, giving Crown a valuation of about A$10 billion.<\/p>\n<p>Crown has stated that the offer is valued at A$14.75 per share, resulting in a total valuation of the entire Crown business at roughly A$10 billion (\u00a354.7 billion\/\u20ac63.4 billion\/$71.5 billion).<\/p>\n<p>The acquisition will be financed with a 50% cash and 50% Wynn stock split, but the deal&#8217;s specifics are still being worked out as the two companies engage in discussions.<\/p>\n<p>Crown (owner of Betfair Australia) indicated that the offer is contingent upon several conditions, including due diligence, Wynn securing the necessary regulatory approvals, and a recommendation from the Crown board.<\/p>\n<p>The Australian firm also stated that the proposal is preliminary, confidential, non-binding, and suggestive, and that negotiations are in their early stages. There is no guarantee that these discussions will lead to a finalized agreement.<\/p>\n<p>Wynn, in its own statement, mirrored many of these points, stating that it would refrain from further comment on a potential transaction with Crown unless legally obligated. <\/p>\n<p>Shares of Crown Resorts experienced a significant surge of 20% on April 9th, concluding the day at A$14.05.<\/p>\n<p>During February, Crown disclosed a substantial decline in its online operations, following the sale of its CrownBet brand to William Hill&#8217;s Australian operations in April of the previous year.  Total revenue for its Crown Digital division in the six-month period ending December 31st experienced a 65.6% year-over-year decrease, reaching A$65.9 million.<\/p>\n<p>Crown&#8217;s digital division constitutes a relatively small portion of its overall business, which primarily focuses on casino resorts in prominent Australian cities and Aspinall&#8217;s establishment in London. However, the company also encountered revenue reductions during the period.<\/p>\n<p>Normalized revenue at Australian resorts amounted to A$1.54 billion, representing a 1.2% year-over-year decrease. Main floor gaming revenue saw an increase of 0.9%, reaching A$867.7 million, while VIP program play experienced a 12.2% decline, settling at A$19.9 million.<\/p>\n<p>Subscribe to the iGaming News newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Nevada-based gaming enterprise, Wynn Resorts, is in negotiations to purchase the Australian gambling firm,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wynn Resorts Bids for Crown Resorts in $71.5 Billion Deal<\/title>\n<meta name=\"description\" content=\"Wynn Resorts is in talks to acquire Crown Resorts for A$14.75 per share, valuing the Australian gambling giant at $71.5 billion.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Wynn Resorts in Talks to Buy Crown Resorts\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts is in talks to acquire Crown Resorts for A$14.75 per share, valuing the Australian gambling giant at $71.5 billion.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Destination for Licensed Casino Games &amp; Latest News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T21:29:16+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/\",\"url\":\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/\",\"name\":\"Wynn Resorts Bids for Crown Resorts in $71.5 Billion Deal\",\"isPartOf\":{\"@id\":\"https:\/\/winportnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-26T21:29:16+00:00\",\"dateModified\":\"2024-06-26T21:29:16+00:00\",\"author\":{\"@id\":\"https:\/\/winportnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Wynn Resorts is in talks to acquire Crown Resorts for A$14.75 per share, valuing the Australian gambling giant at $71.5 billion.\",\"breadcrumb\":{\"@id\":\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/winportnodepositbonus.icu\/2024\/06\/27\/wynn-resorts-in-talks-to-buy-crown-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/winportnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wynn Resorts in Talks to Buy Crown Resorts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/winportnodepositbonus.icu\/#website\",\"url\":\"https:\/\/winportnodepositbonus.icu\/\",\"name\":\"Your Go-To Destination for Licensed Casino Games &amp; Latest News\",\"description\":\"Unleash your gambling potential through our up-to-date news, comprehensive reviews, and expert articles. 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