Crown posts revenue decline

The company posted a revenue decline in 2018. Credits: wsj.com

The Australian operator released its financial results for the year ended December 31, 2018.

Australia.- Crown Resorts released this week its latest financial results, which indicate that revenue totaled €969.9 million for the full 2018, representing a 1.2% decline when compared to the previous year.

The company said that main floor revenue was up 0.9% to €547.9 million, and EBITDA was €258.1 million, a 0.5% rise. Australian operations in the first half of the year reflected mixed trading conditions and Melbourne posted a modest revenue increase, offset by continued soft performance in Perth.

Crown Aspinalls in London posted EBITDA decrease of 36.4%, and John Alexander, chairman of Crown Resorts, said that this reflects continued difficult tradition conditions across the London high-end casino market.

Crown Digital, which encompasses Betfair Australasia and DGN Games, was down 14.7% to €4.7 million.

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