Crown Acquisitions, Inc. Announces Joint Venture With Wynn Resorts

December 13, 2016

S&C advised Crown Acquisitions in its joint venture with Wynn Resorts to own and operate the premier luxury retail space at Wynn Las Vegas. Under the terms of the agreement and subject to certain customary conditions to closing, Crown will pay $472 million in gross proceeds in two installments to acquire a 49.9 percent interest in Wynn's retail operations. Wynn will act as the as managing member of the newly formed retail joint venture.
 
The S&C team included Arthur Adler, Ralston Turbeville and Veronica Aksu.