Packer rolls the dice on Vegas strip

Original article by Jessica Gardner, James Thomson
The Australian Financial Review – Page: 15 & 20 : 5-Aug-14

Australian-listed Crown Resorts has paid $US280m ($A301m) for a development site in Las Vegas. The group will build a casino on the 14-hectare site, which was previously the site of the New Frontier casino. Crown now has some $A6bn worth of casino projects in development, while it is also looking at $A7bn worth of projects in Australia, Japan and Sri Lanka. The new Las Vegas casino is slated for completion in 2018

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, NEW FRONTIER HOTEL AND CASINO, OAKTREE CAPITAL MANAGEMENT LLC, WYNN RESORTS LIMITED, MELCO CROWN ENTERTAINMENT LIMITED, GREENLAND HOLDING GROUP COMPANY LIMITED, ABOVE THE INDEX ASSET MANAGEMENT PTY LTD