The casino giant owned by US investment management powerhouse Blackstone, loss blows out to $1.24 billion when excluding the $296.3 million it received in income tax benefits due to its lack of profits. A Crown representative attributed the poor performance to a number of factors, saying the results had been heavily affected by a series of one-off costs and should not be taken as a forward view of operating performance.
Crown Resorts Finally was fined US$77mln by Victoria regulators
“During the year, Crown also navigated significant regulatory matters. These matters are ongoing, and we continue to cooperate with the relevant parties on resolutions, the financial performance reflects the challenging environment faced by Crown during the pandemic, with significant impact on our operations, particularly in the first half,” the spokesperson said.
