Published
Financial

Crown Resorts reports 62% revenue decline for H1

Crown Resorts Limited has reported statutory revenue of AU$581m (US$450.5m) for H1 2021, a 62% year-on-year decline. 

crown2

EBITDA for H1 that ended on 31 December 2020 was AU$4.4m, down 99%. Net profit after tax declined by 155% to AU$121m. 

Crown Melbourne recorded theoretical revenue of AU$97.1m, a 91% drop. Main floor gaming revenue was AU$53.7m, a 92% decline from a year prior. Table game revenue was AU$30.3m, with gaming machine revenue at AU$23.4m. Non-gaming revenue declined by 84% to AU$39.7m. Theoretical VIP play revenue was AU$3.7m, a 97% decline, with actual VIP revenue reporting a loss of AU$1.9m. 

Theoretical revenue in Crown Perth declined by 5% to AU$409m. Main floor gaming revenue for H1 2021 saw an increase of 14% to AU$275m. Table games revenue was AU$103.5m, and the VIP program experienced a 99% drop to AU$0.4m. 

“Despite the uncomfortable reading at times, Crown has welcomed the Commissioner’s report of the NSW Independent Liquor and Gaming Authority Inquiry. We see it as an opportunity for a complete and comprehensive corporate re-set,” said Crown’s executive chairman Helen Coonan. “Crown has committed to working constructively with ILGA to advance reforms necessary to allow it to give effect to the Restricted Gaming Licence in Sydney.” 

Coonan recognised the need to work with the regulators to restore the public trust in the company. She also confirmed her role as a chairman is temporary and the group is already looking for a suitable candidate. 

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...