{"id":6168,"date":"2020-05-04T11:16:24","date_gmt":"2020-05-04T11:16:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6168"},"modified":"2026-04-24T05:33:56","modified_gmt":"2026-04-24T08:33:56","slug":"crown-resorts-profits-coronavirus","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-resorts-profits-coronavirus","title":{"rendered":"Crown announces pre-Coronavirus profits"},"content":{"rendered":"\n

Crown Resorts reports profit after tax for the financial year (ending 30 June 2020) of approximately AU$210million.<\/p>\n\n\n\n\n\n\n\n

Australia.- Crown Resorts has announced profits from before the Coronavirus pandemic hit, foreshadowing losses expected in the coming months.<\/p>\n\n\n\n

The Australian casino operator released figures today (May 4) showing profit after tax for this year’s financial year (ending 30 June 2020) of approximately AU$210million.<\/p>\n\n\n\n

Figures announced are up to the date of March 23, where its operations in Melbourne and Perth ceased gaming activities.<\/p>\n\n\n\n

In a press statement, Crown<\/em><\/strong> said: “During the period in which gaming activities and other non-essential services are suspended, costs incurred and any limited revenue received should be treated as significant items, including those associated with Crown Melbourne, Crown Perth, Crown Aspinalls, corporate costs and equity accounted results, as well as any related income tax expenses.<\/p>\n\n\n\n

“Crown also considers that the performance of Crown\u2019s wagering and online social gaming operations (which have continued to trade during this period) as well as depreciation and amortisation and interest should not be included as significant items.<\/p>\n\n\n\n

“These are matters which will be discussed with Crown\u2019s auditor as part of its normal year end processes.”<\/p>\n\n\n\n

In April, Crown announced that 11,500 employees would stand down<\/a><\/em><\/strong> to fight the financial impact of Covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crown Resorts reports profit after tax for the financial year (ending 30 June 2020) of approximately AU$210million.<\/p>\n","protected":false},"author":2,"featured_media":3407,"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 profit after tax of approximately AU$210 million for the financial year ending June 30, 2020, based on figures up to March 23, 2020, prior to the full impact of COVID-19 operational suspensions. The Australian casino operator anticipates significant future losses due to the cessation of gaming activities in Melbourne and Perth, and the standing down of 11,500 employees. The company is currently in discussions with its auditor regarding the classification of costs and revenues during this unprecedented period of disruption.","focusai_entities":"Crown Resorts, Crown Melbourne, Crown Perth, Crown Aspinalls","focusai_location":"Australia, Melbourne, Perth","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"FY20 Profit Sustainability?","query":"Given the AU$210M profit reported up to March 23, 2020, what is Crown Resorts' projected NGR and EBITDA for the full FY20, factoring in the subsequent operational suspensions and employee stand-downs?"},{"label":"Auditor's Classification Impact?","query":"How might the auditor's classification of 'significant items' impact Crown Resorts' reported statutory profit and underlying operational performance metrics for the full financial year, particularly concerning non-gaming revenue streams?"}],"footnotes":""},"categories":[160,16336,161,163],"tags":[289,7299,14657],"class_list":["post-6168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-daily-news","category-finance-news","tag-australia","tag-coronavirus","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6168","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6168"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6168\/revisions"}],"predecessor-version":[{"id":777008728,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6168\/revisions\/777008728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3407"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}