Crown Resorts reveals 62% revenue dip

Home » Crown Resorts reveals 62% revenue dip

Crown Resorts has announced its results for the half year ended December 31, revealing statutory revenue of $581m, down 62.1 per cent.



Reported NPAT attributable to the parent was a loss of $120.9m, down 155.4 per cent. Reported EBITDA of $4.4m was down 99 per cent.

Crown’s interim executive chairman, Helen Coonan, said: “Despite the uncomfortable reading at times, Crown has welcomed the Commissioner’s report of the NSW Independent Liquor and Gaming Authority Inquiry. We see it as an opportunity for a complete and comprehensive corporate re-set.

“We recognise the need for immediate and swift action and I would like to reiterate my commitment to driving the necessary ‘root and branch’ change that is required. Crown has committed to working constructively with ILGA to advance reforms necessary to allow it to give effect to the Restricted Gaming Licence in Sydney.

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“Crown also continues to work cooperatively with the Victorian and WA regulators as it works to restore public and regulatory confidence in its operations.

“With Ken Barton stepping down from his role of CEO and managing director earlier this week, I assumed the role of executive chairman on an interim basis to provide leadership stability as we undertake a search for a new CEO and implement Crown’s ambitious reform programme.

“I want to be clear I do not see myself as executive chairman for an extended tenure. We have already commenced a global search for a new CEO.”

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