Australian casino mogul James Packer is hanging his Las Vegas casino dream out in the open with a multi-million price tag.

The Australian reported that Packer’s Crown Resorts Ltd. has formally abandoned his plans to construct a casino in the world’s most famous gambling strip by selling his Las Vegas land on the market worth $400 million.

Crown owns 18.4 acres (7.4-hectares) of the site and is leasing the remaining 16.2 acres from the previous owners. The casino operator has hired brokerage CBRE Group to sell the lot where the Alon casino and hotel project was to be built.

The site sits opposite the famous Wynn Las Vegas and Encore at Wynn Las Vegas resorts, just north of the Fashion Show mall.