Crown Resorts’ revenue drops 31% to US$1.1 billion

Crown

Crown Resorts Limited reported statutory revenue of AU$1.5bn (US$1.1bn) for the fiscal year ended 30 June 2021, a 31% decrease year on year. EBITDA fell by 77 percent to AU$114.1 million. The company suffered a loss of AU$261.6 million.

The losses were due to Covid-19-related restrictions and health and safety regulations. It was also due to the closure of some of the company’s casinos, namely Crown Melbourne and Crown Perth.

“2021 has been a difficult year for Crown. There were intense regulatory scrutiny and unprecedented effects on business operations from the COVID-19 pandemic,” said Jane Halton, interim Chairman of Crown.

“Crown supports the measures implemented by the state and federal governments in response to COVID-19. Our top priority is also the health and safety of our employees, customers, and the community.”

 

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Nassima Azmzm

Nassima Azmzm

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