What does the cryptic crossword clue "Greedy types reported in Prince's domain (5)" mean?

The definition is "Prince’s domain". The wordplay uses a homophone (sounds like). Homophone [ reported ] of WHALES ("greedy types") The answer is WALES.

Greedy types reported in Prince's domain (5)

Guardian Cryptic #29268 | 7 Down | 2024-01-02 flower

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