In 2016, ground broke on Crown Sydney and was scheduled to open in 2020, which was planned for sometime thereafter the 14 December. In October 2015, Crown acquired a 20 per cent stake in restaurant and hotel company Nobu for US$100 million. Crown announced in December 2016 that it was halting the project and seeking to sell its investment. On 26 June 2015, Crown officially announced that the new $6 billion hotel, called Alon Las Vegas, was to be located on the former New Frontier site and to open in 2018. In December 2014, James Packer signed a deal with Matthew Tripp, which gained Packer control over Tripp's online betting platform BetEasy. On 5 August 2014 Crown bought the site of the New Frontier Hotel and Casino on the Las Vegas Strip for $280 million with the intent to build a new hotel beginning in 2015. In August 2014 Betfair completed the sale of their 50% stake in Betfair Australia to venture partner Crown Resorts. However, when a new government took office, President Maithripala Sirisena cancelled all three casino licenses awarded by the previous administration including the Crown Resorts project. In September 2013, the Sri Lankan government gave approval to Crown's then chairman and largest shareholder, James Packer, to invest in Crown Sri Lanka in the heart of the Sri Lankan capital Colombo. This was one of a succession of similar major losses in Gateway Casinos, Harrah's Entertainment and Station Casinos from which a total of $547.5 million was written off. In 2008, Crown attempted to enter the Las Vegas gambling market by acquiring a 19.6 per cent stake in Fontainebleau Resorts for US$250 million, which resulted in a total loss the following year when other investors withdrew US$800 million financing, resulting in bankruptcy applications. The agreement was ended in March 2009, however, with Crown instead buying a 24.5 percent stake in the company for $370 million, and paying a $50 million termination fee. In December 2007, Australian gambling company Crown Limited agreed to buy Cannery Casino Resorts (CCR) for $1.75 billion. PBL was renamed Consolidated Media Holdings, retaining all of the remaining assets. The company was established in 2007 when Publishing & Broadcasting Limited (PBL) divested its gambling assets to Crown Limited. History 2000s Crown Melbourne serves as the global corporate headquarters

It was listed on the Australian Securities Exchange until purchased by Blackstone in June 2022. Ciarán Carruthers (Chief Executive Officer) Ĭrown Resorts Limited is Australia's largest gaming and entertainment group that owns and operates three of Australia's leading gambling and entertainment complexes, Crown Melbourne, Crown Perth and Crown Sydney.

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