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
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