Crown Closes In On $400M Sri Lankan Casino Resort Plan

Law360, New York (October 18, 2013, 5:45 PM EDT) -- Australian lodging and gaming giant Crown Ltd. confirmed Friday that it is in advanced talks with Sri Lankan officials to seal up plans for a $400 million casino resort project in the developing country, according to an investor filing.

Crown also confirmed that it is in discussions with potential joint venture partners, according to a Friday Australian Stock Exchange filing. The company is already linked to local developer Rank Holding (Pvt.) Ltd. for the project.

Currently, the Sri Lankan Parliament and the Sri Lankan Board of...
To view the full article, register now.