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Crown Resorts suffers record six-month loss due to COVID-19 closures


Crown Resorts suffers record six-month loss due to COVID-19 closures
21 February 2021
Crown Resorts Limited, Australia s largest gaming & entertainment group, has confirmed that it suffered a hefty loss due to a steep decline in revenue during the six months to the end of December 2020. The Sydney-listed gaming giant said it suffered an overall loss of around $93.5 million during the July through December period of last year. The figure represents a decline of 155 per cent in half-year earnings as compared from the corresponding period of the previous year. The loss was accompanied by an analogous 62.1 per cent fall in aggregated revenues to around $449.4 million. ....

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Dispiriting half-year financials for Crown Resorts Limited


February 18, 2021
The value of individual shares in Crown Resorts Limited increased slightly earlier today despite the Australian casino operator having publicized an overall loss of around $93.5 million for the six months to the end of December.
The Sydney-listed firm used an official press release (pdf) to detail that the 155% comparable drop in half-year earnings was accompanied by an analogous 62.1% decline in aggregated revenues to about $449.4 million. The company moreover explained that this came as its Crown Melbourne facility recorded a steep 90.5% decline in six-month receipts to about $75.2 million with its sister Crown Perth venue having copped a less drastic 5.3% diminution to roughly $316.8 million. ....

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