News: CWN Crown Resorts Expects Full Year Statutory Loss After Tax

July 5 (Reuters) - Crown Resorts Ltd (CWN) :

• EXPECTS TO RECORD A STATUTORY LOSS AFTER TAX FOR FULL YEAR ENDED 30 JUNE 2021
• SEES FY EBITDA BEFORE CLOSURE COSTS AND SIGNIFICANT ITEMS OF BETWEEN $240-250 MILLION
• SEES NET DEBT (EXCLUDING WORKING CAPITAL CASH) AT 30 JUNE OF ABOUT $900 MILLION
• EXPECTS TO INCUR INCREASED CORPORATE COSTS THROUGHOUT 2022 FINANCIAL YEAR, INCLUDING LEGAL, CONSULTING AND ASSOCIATED COSTS
• ONGOING REVIEW OF TOP-END LOCAL PLAYERS RESULTING IN EXIT OF A NUMBER OF CUSTOMER RELATIONSHIPS
• UNDERTAKING REVIEW OF POTENTIAL GAMING TAX UNDERPAYMENT RECENTLY REFERRED TO IN VICTORIAN ROYAL COMMISSION