As the Australian casino operator continues to sell off underutilized assets to boost its bottom line and recover losses from recent government investigations, Crown Resorts has found a buyer for its One Queensbridge development site. Four nearby boarded-up office and retail buildings and the long-closed two-story Queens Bridge Hotel make up the nearly 1.3-acre property.
Crown Resorts Casino sell Melbourne development property
- Thread starter Lazza
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It seems like Crown Resorts is making strategic moves to streamline its operations and recover from recent challenges. Selling the One Queensbridge development site, along with the surrounding properties, appears to be a solid decision, especially in a market that’s been under scrutiny. This sale could not only help boost their finances but also pave the way for potential redevelopment in the area. It’s interesting to see how this aligns with their broader strategy of focusing on more profitable ventures. Hopefully, this move sets them on a path to recovery and growth.
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