Crown Resorts
(ASX:CWN) has released their performance for the year.
Their Australian resorts reported EBITDA of $807.5 million, down 2.5 per cent for the year to June 2018 compared to the prior corresponding year.
Globally their NPAT attributable to the parent of $558.9 million, was down 70 per cent after significant items.
Despite this the casino operator saw a 12.7 per cent rise in normalised profit to $385.6 million.
Last year’s result was inflated due to the sale of its Macau business.
During this period Crown completed the sale of the Alon Las Vegas land to Wynn Resorts, they also sold a 62 per cent interest in CrownBet, sold approximately 4.2 million shares in Caesars Entertainment Corporation and a 50 per cent interest in Ellerston in the Hunter Valley.
Crown Resorts
(ASX:CWN) is trading 3.27 per cent higher to $13.76.
