Australian-listed casino operator Crown Resorts Ltd. has completed the disposal of its $300 million Las Vegas assets as it completely shelves its global expansion plans.

In a regulatory filing, the James Packer-led firm announced that the sale of the 14-hectare vacant Las Vegas site to Wynn Resorts’ subsidiary Alon Las Vegas Resort LLC has finally been sealed.

After accounting for minority interests, Crown said its share of the proceeds will come to roughly $264 million.

The casino operator originally planned to construct a massive integrated resort called Alon on the Vegas land, but the company found itself unable to raise the necessary capital to make the $2 billion project fly. The 2016 arrests of the Crown staff in China became the final nails on the project’s coffin, resulting in Packer conceding that his global expansion plans failed.