tamper with slot machines<\/a> at the Melbourne casino to give the house an even larger edge. Crown has denied such allegations.<\/p>\nHome Sweet Home<\/b><\/h2>\n
With Crown Resorts back focused on where it knows business best, Australia, investors are liking what they’re seeing. Though Crown lost a substantial portion of its value in recent years, as the Australian Securities Exchange stock fell from $13.50 in 2014 to $8 in late 2016, shareholders are beginning to recoup their losses.<\/p>\n
The stock has been rather stagnant throughout 2017, but over the last two months has been trending upwards. Crown was trading for $8.35 in mid-October, but today is at $9.82. That’s an increase of more than 17 percent.<\/strong><\/p>\nInvestors additionally supported Crown’s news today they it’s selling off assets to pay down debt. Shares were up 3.2 percent to close the week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Australian casino operator Crown Resorts is divesting various assets in order to raise $700 million in capital and pay down company debt. Crown confirmed yesterday that Wynn Resorts is purchasing its 34.6 acres located along the Las Vegas Strip for $300 million. Crown had planned to build Alon, a multibillion-dollar casino resort there, but shelved […]<\/p>\n","protected":false},"author":42,"featured_media":65665,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,10,18],"tags":[],"acf":[],"yoast_head":"\n
Crown Resorts Unloads Assets, James Packer Snags Sydney Penthouse<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n