SYDNEY: Australian casino operator Crown Resorts Ltd posted a 41.3% fall in full-year net profit, dragged down by a weak result from its Macau business following a Chinese crackdown on corruption.
Crown said net profit for the year ended June 30 was A$385.07mil (US$284.10mil), compared with A$655.76mil a year ago. Profit from Crown's one-third stake in Macau-focused Melco Crown Entertainment slumped 44.6%. — Reuters
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
