[BENGALURU] Australia’s largest on line casino operator Crown Resorts on Thursday reported a 3rd consecutive half-yearly loss, as lengthy spells of pandemic-related restrictions and regulatory prices continued to harm operations.
The corporate, which just lately backed a US$6.5 billion supply for Crown from personal fairness agency Blackstone Inc, is struggling to rebuild its picture following a number of Royal Fee enquiries.
“Emergence of the Omicron variant and the ensuing vital improve in Covid-19 case numbers throughout each Victoria and New South Wales has had an impression on our buying and selling efficiency to start the calendar 12 months,” chief monetary officer Alan McGregor stated.
The corporate posted a internet lack of A$196.3 million (S$190 million) for the six months ended Dec 31, in contrast with a lack of A$120.9 million a 12 months earlier.
Smaller peer Star Leisure Group Ltd’s first-half loss widened to A$73.7 million from A$51.2 million a 12 months earlier, harm by pandemic-related property shutdowns. REUTERS
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