Crown Limited Profile Prepared by BAC Reports Now Available at MarketPublishers.com
03 Dec 2014 • by Natalie Aster
LONDON - The Victorian Commission for Gambling and Liquor Regulation made a decision to improve the Melbourne Casino Licence in compliance with Agreement between the Victorian Government and Crown Resorts Limited of 22 August 2014. The changes to the Melbourne Casino Licence came into force on November 3, 2014. These changes in the Licence are likely to spur the expansion of the Victorian tourism, thus, creating new jobs opportunities in this sphere. Furthermore, these changes are expected to help the company to raise its competitiveness in international markets.
As of FY 2014, Crown announced a normalised net profit after tax of USD 640 million, an increase of 35.2%. Crown’s Australian resorts achieved normalised EBITDA growth of 2% and normalised revenue growth of 1.4%. MCE’s result was the major contribution to the Crown’s normalised NPAT growth. Crown’s operating cash flow for the period was USD 702 million, and net debt (excluding working capital cash) stood at over USD 1.6 billion.
Crown Resorts is engaged in the gaming and entertainment industries in Australia and internationally. Crown Resorts wholly-owns and operates Crown Perth in Western Australia and Crown Melbourne in Victoria. In the UK, Crown wholly-owns and operates the Crown Aspinall's. Also the company accounts for a 33.6% equity share in Melco Crown Entertainment Limited.
More details on the company’s business, services, strong and weak sides, news and competitors can be found in the report “Crown Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Crown Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: November, 2014
More company reports, featuring SWOT and financial information, industry and competitors analysis, can be found in Company Reports Catalog.