Crown Resorts expects net debt of $676m for financial year 20/21

Crown Resorts expects net debt of AU$900m ($676m) for the full year ended 30 June 2021. The company’s EBITDA after closure costs is predicted to be between AU$90-100m. Crown also expects to record a statutory loss after tax for the full year. Last year’s AU$450m project finance facility, meant to support the construction of Crown Sydney, reportedly has “been repaid from settlements to date from Crown Sydney apartment sales.&rd...