Feb 18 (Reuters) - Crown Resorts Ltd (CWN) : COMMITTED TO...

Feb 18 (Reuters) - Crown Resorts Ltd (CWN) :

• COMMITTED TO WORKING WITH ILGA TO ADVANCE REFORMS NECESSARY TO ALLOW IT TO GIVE EFFECT TO RESTRICTED GAMING LICENCE IN SYDNEY
• EXECUTIVE CHAIRMAN SAYS DOES NOT SEE HERSELF AS EXECUTIVE CHAIRMAN FOR AN EXTENDED TENURE
• ALSO CONTINUES TO WORK COOPERATIVELY WITH VICTORIAN AND WA REGULATORS
• ALREADY COMMENCED A GLOBAL SEARCH FOR A NEW CEO
• EXPECTS TO INCUR A SIMILAR LEVEL OF CORPORATE COSTS IN SECOND HALF
• CROWN RESORTS SEES NET PROJECT COST FOR CROWN SYDNEY OF ABOUT $1.1 BILLION DUE TO HIGHER EXPECTED APARTMENT SALE PROCEEDS
• GOOD PROGRESS MADE IN CROWN SYDNEY APARTMENT SALES, WITH OVER $870 MILLION IN GROSS SALES AND PRE-SALE COMMITMENTS ACHIEVED TO DATE
• FOR PERIOD 1 JAN TO 12 FEB, CROWN MELBOURNE'S MAIN FLOOR GAMING REVENUE (EXCLUDING VIP PROGRAM PLAY REVENUE) DOWN ABOUT 26%