Cannery Casino And Las Vegas NV Hotel Sold For $1.8 Billion To Crown
Wednesday, December 12th, 2007
Cannery Casino and Las Vegas NV hotel sold for $1.8 billion to Crown Ltd. Crown is a gaming company controlled by James Packer, an Australian billionaire.
The Las Vegas commercial real estate transaction will take approximately a year and a half for the Pennsylvania and Nevada regulators to approve the total acquisition of the Cannery Casino Resort.
As land in Las Vegas, NV increases, gaming assets become more valuable. With the strength of outside international investors, including Dubai World and Crown, will provide them with easy entry to the domestic gaming market in Las Vegas real estate.

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