{"id":14886,"date":"2021-02-18T15:50:35","date_gmt":"2021-02-18T15:50:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14886"},"modified":"2026-04-23T21:41:20","modified_gmt":"2026-04-24T00:41:20","slug":"crown-resorts-revenue-down-62-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-resorts-revenue-down-62-for-h1","title":{"rendered":"Crown Resorts revenue down 62% for H1"},"content":{"rendered":"\n<p>Revenue came in at AU$581m (US$450.5m) for the first half of the 2020\/2021 financial year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- Crown Resorts has reported AU$581m (US$450.5m) in revenue for H1 of its financial year,<strong> down 62 per cent year-on-year.<\/strong><\/p>\n\n\n\n<p>In the six months to December 31, the company <strong>reported a loss of AU$120.9m (US$87m)<\/strong>, down 155.4 per cent year-on-year. EBITDA for H1 was AU$4.4m.<\/p>\n\n\n\n<p>While Crown fights to <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/australian-regulator-calls-for-new-inquiry-into-crown-resorts\" target=\"_blank\"><strong>hold on to its licence for its new Sydney casino<\/strong><\/a><\/em>, it has also been the hardest hit of all Australian casino operators by<strong> the Covid-19<\/strong> <strong>pandemic<\/strong>.<\/p>\n\n\n\n<p>The operator\u2019s Crown Melbourne casino reported revenue of <strong>AU$91.5m for the half, down 92.2 per cent year-on-year<\/strong>. EBITDA was down 99.8 per cent to just AU$700,000.<\/p>\n\n\n\n<p>Crown Perth saw revenue fall just <strong>0.4 per cent to AU$409.2m<\/strong> but EBITDA grew 35.4 per cent to AU$162.9m due to reduced costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue came in at AU$581m (US$450.5m) for the first half of the 2020\/2021 financial year.<\/p>\n","protected":false},"author":176,"featured_media":14888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Crown Resorts reported a significant 62% year-on-year revenue decline to AU$581m and a net loss of AU$120.9m for H1 FY2020\/2021, primarily due to the Covid-19 pandemic's impact on its Melbourne operations and ongoing Sydney licensing challenges. While Crown Melbourne saw a 92.2% revenue drop, Crown Perth maintained revenue levels and achieved EBITDA growth through cost reductions.","focusai_entities":"Crown Resorts, Crown Melbourne, Crown Perth","focusai_location":"Australia, Sydney, Melbourne, Perth","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Perth's Cost Strategy?","query":"Given the significant revenue disparity between Crown Melbourne and Crown Perth, what specific operational or market-segmentation strategies did Crown Perth employ to achieve EBITDA growth amidst declining revenue?"},{"label":"Sydney License Impact?","query":"How might the ongoing regulatory scrutiny and licensing uncertainty for Crown Sydney impact the company's capital expenditure plans and long-term strategic investments across its other Australian properties?"}],"footnotes":""},"categories":[16336,163,158],"tags":[14657],"class_list":["post-14886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","category-slider-home","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14886"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14886\/revisions"}],"predecessor-version":[{"id":14947,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14886\/revisions\/14947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14888"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}