Las Vegas Casino deal canceled today due to buyer’s failure to close. Australia’s Crown Ltd. couldn’t close a $1.75 billion deal to purchase Cannery Casino Resorts.
Due to the deal cancellation, Crown paid $50 million termination fee to Cannery Resorts. Although, Crown wants to continue the purchase of the casinos it will have to go through a several year process with many milestones. Crown operates casinos in Macau and Australia.