CWN crown resorts limited
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August 21 (Reuters) - Australia's biggest casino operator Crown...

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    21/08/19
    09:25
    Post #: 40069168

    August 21 (Reuters) - Australia's biggest casino operator Crown Resorts Ltd (CWN) on Wednesday posted a 4.7% decline in annual profit, hurt by lower spending by wealthy Chinese gamblers.

    Normalised net profit, which removes variance in win rates, fell to A$368.6 million for the year ended June 30, from A$386.8 million a year earlier.

    Revenue from "VIPs" - largely Chinese tourists on package holidays - fell 26.1%, compared with a 54.5% surge in the year-ago period.

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