Back to Basics for Crown Resorts; Domestic Casinos Are Once Again the Top Priority
We are big supporters of Crown Resorts’ "less is more" approach, which has seen the business undergo major simplification during the past year. Management’s decision to offload its stake in digital wagering entity CrownBet is the latest in a series of divestments. With the addition of the sell-down of its investment in Melco Crown and the withdrawal from Las Vegas, we’re left with an exclusive casino operator with limited exposure beyond Australia. Despite potentially missing out on some growth ...Crown Resorts is an entertainment and gaming group. Co. owns and operates two resorts, Crown Melbourne, which features the Crown Towers Melbourne hotel, Crown Metropol Melbourne hotel, and the Crown Promenade Melbourne hotel; and Crown Perth, which features the Crown Metropol Perth hotel and the Crown Promenade Perth hotel. In the U.K., Co. owns and operates Crown Aspinall in London, a casino in the West End entertainment district. Co. also holds equity interest in Melco Crown Entertainment, a developer, owner and operator of resorts in Macau and the Philippines. The resorts include: City of Dreams Macau, Macau Studio City, and City of Dreams Manila.
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