Crown Resorts driven by Macau business

crown 2iGaming Business – Australian entertainment group Crown Resorts has cited the success of its operations in the Chinese gambling resort of Macau as one of the main reasons behind a significant growth in net profit during the 12 months through to June 30, 2014.

The company reported net profit of AUS$655.8 million (€457.1 million/US$611.3 million), an increase of 65.7% on the AUS$395.8 million achieved in the previous year.

Revenue at Crown Resorts grew to AUS$3.1 billion, a 6.7% rise year-on-year from AUS$2.9 billion.

Elsewhere, earnings before interest, tax, depreciation and significant items jumped by 16.7% from AUS$751.9 million last year to AUS$878.2.

FULL STORY

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