Fontainebleau Resorts was co-founded in 2005 by Jeffrey Soffer, the chairman and majority owner who is the principal owner of the Turnberry group of companies. Fontainebleau's chief executive officer is Glenn Schaeffer, former president of Mandalay Resort Group.

PBL, owns and operates two casinos in Australia, Crown Entertainment Complex in Melbourne and Burswood International Resort and Casino in Perth.

The company is also building the Crown Macau and the City of Dreams gaming projects in Macau.

PBL, which is a 41 percent shareholder of Melco PBL Entertainment, which is listed on the Nasdaq National Market (ticker: MPEL), has a market capitalization of more than $11 billion and is among the top 25 companies listed on the Australian Stock Exchange.

"This transaction provides PBL Gaming with a first-class entrance into the U.S. casino resort market, in particular, the renowned Las Vegas Strip," Packer said in a statement.

Nevada Gaming Control Board Member Randy Sayre said Monday it was unclear if PBL would have to be licensed by state gaming regulators.

"At this point, we're unsure if (PBL) would require licensing, but we clearly have the jurisdiction to call them forward if we decide we need to," Sayre said. "We'll make that assessment at some point."