Crown plans $400M debt raising

Company News


Crown Limited (ASX:CWN) is planning to offer subordinated notes to raise $400 million to support its growth plans and premium commercial developments.

The casino operator recently inked an exclusive deal with Lend Lease Group (ASX:LLC) to develop a six star hotel resort at Barangaroo South.

Crown reported a 53 per cent rise in its full year net profit last week, largely due to a winning streak against its high rollers.

Crown generated a full year net profit of $513.3 million.

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