Two Crown Resorts Ltd directors with links to major shareholder James Packer resigned on Wednesday, the first heads to roll after the Australian casino operator was deemed unfit to hold a gambling Crown Melbourne Normalised revenue at Crown Melbourne was $2,155.4 million, down 5.4%, with VIP program play revenue down 25.4%, main floor gaming revenue up 1.5% and non-gaming revenue up 1.9%. Normalised EBITDA from Crown Melbourne was $589.5 million, down 8.6%, with a decline in overall normalised operating margin driven by an increase in Crown was set to open the gaming floors at its Sydney casino in late December but the regulator blocked it from doing so after evidence of money laundering at Crown’s Melbourne and Perth casinos On Thursday morning, the ASX-listed Crown Resorts informed the stock market that revenue from its Melbourne-based VIP program had increased 37.5 per cent to $262 million in the six months to December, compared to the same period the previous year. Revenues from Crown Resorts’ VIP program in Melbourne surged to $262 million AUD ($205 million USD) in the last six months of 2017, an increase of 37.5 percent year-on-year. Total VIP turnover... Crown said it would co-operate with the Victorian Commission for Gambling and Liquor Regulation as it looks into media allegations related to business ties between the Crown Melbourne casino and Casino operator Crown posts revenue collapse to ASX after 'extremely challenging year' with coronavirus pandemic By Josh Bavas. 19/08/2020. Global nuclear weapons ban begins – without the world The scathing Bergin Inquiry into Crown casino recommends taking gambling regulation away the states, and experts agree that states are too conflicted and under-resourced to do the job. Crown Resorts chief executive Ken Barton says the early signs from the group's Perth casino suggest revenue can bounce back after COVID-19 shutdowns are eased. Crown's flagship Melbourne casino Of Crown’s total in revenue before commission, $1.58bn came from its Crown Melbourne venue, down 25.9%. The Crown Perth casino revenue fell 24.9% to $607.5m, while Crown Aspinalls in London contributed $42.7m, down 24.1%. Revenue from sports betting and online operations increased by 4.3%, however, to $134.7m.
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