Crownbet sold for 117 million dollars

Crownbet sold for 117 million dollars

The gambling giant Crown Resorts has announced the sale of the 62-percent controlling interest in Crownbet’s online division to a consortium of shareholders led by the current management team and CEO Matt Tripp.

The company’s representatives said, that CrownBet may have been bought by Paddy Power-Betfair or William Hill, both of which expressed interest in the firm.

This step is part of the series of sales planned by the firm to reduce debt. The betting operator hopes to complete the listing by the end of next month.

The listings include many branches in Las Vegas, a stake in Caesars Entertainment Corporation and two floors of luxury apartments in Sydney.