Wynn Resorts to Acquire Historic Crown London Casino in Mayfair District

Wynn Resorts to Acquire Historic Crown London Casino in Mayfair District

By Michael Davidson

January 10, 2025 at 04:07 AM

Wynn Resorts is acquiring Crown London casino from Crown Resorts, marking its first European casino venture. The transaction is expected to close in the second half of 2025, though financial terms remain undisclosed.

Man at casino entrance

Man at casino entrance

Located in London's prestigious Mayfair District, Crown London occupies two historic townhouses at 27-28 Curzon Street. The members-only establishment features 20 gaming tables across various sophisticated salons, complemented by an exclusive restaurant and lounge. The venue will retain its Crown London branding until the deal closes.

This strategic acquisition aims to create a business pipeline between London and Wynn's upcoming UAE project, the Wynn Al Marjan Island in Ras Al Khaimah, scheduled to open in early 2027. With London's significant Arab population (approximately 200,000) and substantial Middle Eastern tourist flow, this move positions Wynn advantageously in both markets.

The venue offers diverse dining options featuring Middle Eastern, European, Chinese, and Indian cuisine. While it doesn't include hotel facilities, its prime location provides easy access to Green Park Station, Hyde Park Corner, and Knightsbridge Station.

This isn't the first business interaction between Wynn and Crown Resorts. In 2018, Wynn purchased $300 million worth of Las Vegas Strip land from Crown Resorts. A subsequent $7.1 billion takeover attempt of Crown by Wynn in 2019 was abandoned after premature disclosure of the negotiations.

Crown Resorts, now owned by Blackstone following a $6.6 billion acquisition in June 2022, operates additional casinos in Melbourne, Perth, and Sydney. Wynn's current portfolio includes Wynn and Encore Las Vegas, Encore Boston Harbor, Wynn Palace, and Wynn Macau.

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