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.