Full-year revenue rose 2 per cent to AU$2.8bn.
Australia.- Crown Resorts has recorded a profit for the first time in five years following a period of investment in reforms. The operator posted a return of AU$142m (US$93.32m) for the financial year ending June 30. Revenue rose 2 per cent to AU$2.8bn (US$1.84bn).
At Crown Sydney and Crown Perth, revenue rose by 22.1 per cent and 4.7 per cent respectively. However, the operator noted the impact of regulatory constraints such as ID requirements for gaming machines and cash limits on Crown Melbourne, where revenue dipped 1.3 per cent to AU$1.4bn ($920m).
The company reported that it had completed its payment of a AU$450m ($295.7m) fine imposed for non-compliance with AML/CTF regulations. David Tsai, CEO of Crown Resorts, hailed the results as a turning point, saying: “These results demonstrate we’re heading in the right direction.”
Full-year revenue rose 2 per cent to AU$2.8bn. Australia.- Crown Resorts has recorded a profit for the first time in five years following a period of investment in reforms. The…
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