The result compares to a $121 million loss for the same period in 2020 and a $218 million profit in the pre-pandemic 2019, and comes after the James Packer-backed group said on Monday it wouldCrown said on Monday it would accept Blackstone’s takeover offer.“Crown’s first half performance reflects the continued challenging operating conditions as a result of COVID-19 as well as the impact of ongoing regulatory matters,” said Crown’s chief executive Steve McCann.
“While we do not underestimate current headwinds facing Crown, there is growing confidence we have turned the corner.” Crown’s properties in Melbourne, Sydney and Perth were now open, Mr McCann said, and the company hoped to announce that it could commence gambling operations at its new Sydney tower “shortly”, after its licence was suspended in late 2020
pwhatch The House always wins.
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Source: FinancialReview - 🏆 2. / 90 Read more »