Tagged Ālon Las Vegas

Crown Resorts Limited six-month financials buoyed by VIP play

February 23, 2018

Latest Casino and Gambling News, Australia, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships

In Australia, domestic casino operator Crown Resorts Limited has released its financial results for the six months to the end of December showing that it posted a 1.4% increase year-on-year in overall revenues ...

Reassurance from new Wynn Resorts Limited boss

Adam Morgan

February 21, 2018

Latest Casino and Gambling News, Las Vegas, New Hotels, Casino project updates, Macau, Mergers, Acquisitions & Partnerships, Massachusetts

The recently-appointed boss for American casino operator Wynn Resorts Limited has reportedly declared that his firm intends to continue with plans to bring a pair of new developments to Las Vegas and finish the...

Crown Resorts Limited completes sale of Alon Las Vegas site

Adam Morgan

January 31, 2018

Latest Casino and Gambling News, Las Vegas, Casino News, Casino project updates, Mergers, Acquisitions & Partnerships

After late-2016 saw Crown Resorts Limited abandon its plan to build the $2 billion Alon Las Vegas integrated casino resort, the Australian firm has now reportedly completed the sale of the Nevada development’s ...

Crown Resorts Limited could abandon Japan casino intentions

Adam Morgan

October 24, 2017

Latest Casino and Gambling News, Australia, Casino News, Japan

The largest shareholder in Crown Resorts Limited has reportedly played down the prospects that the Australian casino giant will be pushing for the right to operate an integrated casino resort in Japan due to co...

Crown Resorts Limited selling off Alon Las Vegas site

Adam Morgan

May 22, 2017

Casino Sales, Latest Casino and Gambling News, Las Vegas, Casino proposals

After agreeing to offload its remaining 11.2% stake in Melco Resorts And Entertainment Limited earlier this month, Australian casino operator Crown Resorts Limited has now reportedly completely given up on its ...

Rowen Craigie reportedly set to leave Crown Resorts Limited

Adam Morgan

February 22, 2017

Latest Casino and Gambling News, Australia, Gaming Industry News

Australian casino operator Crown Resorts Limited is set to unveil its annual interim financial results tomorrow and reports abound that the occasion will also see the firm’s long-serving Managing Director and C...

Alon founders not giving up on Las Vegas Strip resort development

Lars Jones

December 25, 2016

Latest Casino and Gambling News, Las Vegas, New Hotels, Casino project updates, Economy/Finance

Alon Las Vegas may have experienced some troubles with finding proper funding for the boutique Strip resort in the past, but another major hurdle may have appeared on December 15 when James Packer's Crown Resor...

Crown Resorts to abandon Alon Las Vegas and dispose more of its stake in Macau casinos

Renee Kingsley

December 15, 2016

Latest Casino and Gambling News, Las Vegas, Australia, Casino expansion projects, China, Economy/Finance, Macau

Crown Resorts is shuffling the deck. The Australian gambling giant had planned a demerger of its international assets and also had plans to develop the Alon Las Vegas casino, which would have been the first Cro...

Crown Resorts Limited delays international break-up plan

Adam Morgan

December 1, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Mergers, Acquisitions & Partnerships

The previously announced plan from Crown Resorts Limited that was to see the Australian casino operator cleave off major parts of its international business by April has reportedly been delayed following the ar...

Alon Las Vegas CEO says project has slowed down but has not been put on hold

Renee Kingsley

September 1, 2016

Latest Casino and Gambling News, Las Vegas, Casino project updates, Nevada

Australian casino tycoon and billionaire James Packer's Crown Resorts Ltd decided in 2014 to partner with Andrew Pascal, the ex-president of Wynn Las Vegas and purchase 34.6 acres in Las Vegas, with plans to op...

Alon Las Vegas may be delayed beyond 2018: Updated

Lars Jones

March 2, 2016

Latest Casino and Gambling News, Las Vegas, Casino project updates, Economy/Finance, Nevada

The story today seems to be much as it was in December when Larry Gandler, a gaming analyst for Credit Suisse noted in a research report that Crown Resorts was trying to fund their Las Vegas Strip Alon Resort d...

James Packer’s Crown Resorts working to raise capital for Alon Las Vegas

Renee Kingsley

December 11, 2015

Las Vegas, Australia, New Hotels, Casino project updates, Economy/Finance, Nevada

Australian billionaire James Packer and his Crown Resorts have a strong reputation in Australia and Macau and are now looking to build their first casino in Las Vegas. This new casino is called Alon Las Vegas a...

Alon Las Vegas casino project progressing

Lars Jones

November 18, 2015

Latest Casino and Gambling News, Las Vegas, Casino News, New Hotels, Casino project updates, Mergers, Acquisitions & Partnerships, Nevada

The great recession may be lingering in some sectors of the American economy but progress and growth continue in the world's original gambling capital of Las Vegas. Among the shining stars is the highly anticip...

New Alon integrated resort to reinvent Las Vegas experience

D. Graham

August 30, 2015

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Casino openings, New Hotels, Casino project updates, Nevada

With a planned 2018 debut, the executive team of the Ālon Las Vegas Resort is aiming to reinvent the Las Vegas experience with the help of successful nightclub kingpin Jesse Waits. CEO Andrew Pascal and COO Rob...

Billionaire James Packer’s Crown credit profile under pressure

D. Graham

August 18, 2015

Latest Casino and Gambling News, Australia, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Nevada

Between the recent increase in cost to insure Crown Resort’s notes, rising net debt, widening spread of credit default swaps, significant profit decreases from Macau properties, and plans to spend billions more...