Gaming regulators approve Cannery acquisition

LV-Cannery162x120The Nevada Gaming Commission has approved Crown Ltd.’s $1.8 billion cash offer for Cannery Casino Resorts.

The deal now awaits approval by gaming regulators in Pennsylvania.

Cannery Casino Resorts owns and operates the Cannery Casino & Hotel in North Las Vegas, the Eastside Cannery Casino & Hotel on Las Vegas’ Boulder Highway and the Rampart Casino within the JW Marriott Las Vegas Resort in Summerlin, Nev.

Cannery also owns and operates the Meadows Racetrack & Casino in Pennsylvania’s Washington County.

Australia-based Crown owns casino complexes in Melbourne and Perth. It also has investments in casino companies in Las Vegas, Macau, the U.K. and Canada.

Last June, Crown abandoned a $5 million hotel-casino project on the Las Vegas Strip because of the credit crunch.

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