Crown Resorts revenue down 62% for H1

Revenue came in at AU$581m (US$450.5m) for the first half of the 2020/2021 financial year.

Australia.- Crown Resorts has reported AU$581m (US$450.5m) in revenue for H1 of its financial year, down 62 per cent year-on-year.

In the six months to December 31, the company reported a loss of AU$120.9m (US$87m), down 155.4 per cent year-on-year. EBITDA for H1 was AU$4.4m.

While Crown fights to hold on to its licence for its new Sydney casino, it has also been the hardest hit of all Australian casino operators by the Covid-19 pandemic.

The operator’s Crown Melbourne casino reported revenue of AU$91.5m for the half, down 92.2 per cent year-on-year. EBITDA was down 99.8 per cent to just AU$700,000.

Crown Perth saw revenue fall just 0.4 per cent to AU$409.2m but EBITDA grew 35.4 per cent to AU$162.9m due to reduced costs.