{"id":147,"date":"2024-06-16T13:56:10","date_gmt":"2024-06-16T10:56:10","guid":{"rendered":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/"},"modified":"2024-06-20T17:02:37","modified_gmt":"2024-06-20T14:02:37","slug":"crown-resorts-reports-profit-decline-despite-strong-australian-performance","status":"publish","type":"post","link":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/","title":{"rendered":"Crown Resorts Reports Profit Decline Despite Strong Australian Performance"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/yrkAJTnIry8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Crown Resorts Group&#8217; recently released its financial results for the latter half of 2015, showing a considerable decrease in profits, with net earnings nearly cut in half. <\/p>\n<p>For the six-month period ending on December 31, 2015, the group&#8217;s after-tax net income experienced a substantial 24% year-over-year reduction, reaching AU$200.7 million.<\/p>\n<p>Despite this decline, there were some encouraging signs. The corporation&#8217;s operating income saw a robust 10% increase, reaching AU$1.87 billion, while EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by 13% to AU$4.559 billion.<\/p>\n<p>The company attributes this earnings contraction to the underwhelming performance of Melco Crown Entertainment (MCE), their collaborative venture in Macau. MCE, which manages hotel and casino establishments in Macau and City of Dreams Manila in the Philippines, has been contending with the difficulties presented by a weakened Macau market.<\/p>\n<p>Crown&#8217;s portion of MCE&#8217;s adjusted net profit after tax witnessed a sharp 66% decrease, reaching AU$37.2 million.<\/p>\n<p>The financial statement presents both adjusted and statutory outcomes. The adjusted figures omit elements such as theoretical win rate variations in VIP initiatives at Crown Melbourne, Crown Perth, Crown Aspinalls, and Melco Crown Entertainment, pre-launch costs for Melco Crown Entertainment, and asset write-downs from the previous year.<\/p>\n<p>The adjusted data reveals a comparable trend, with net profit after tax down by 36% to AU$206 million, EBITDA down by 6% to AU$4.244 billion, and operating income up by 8% to AU$1.85 billion.<\/p>\n<p>Crown CEO, Rowan Craigie, emphasized the strength of their Australian resorts, remarking, &#8220;General gaming revenue in our Australian resorts expanded by a healthy 9.8%. Australian VIP program play turnover of AU$357 million (down 3.8%) was a reasonable result considering the robust 61.4% expansion in the same period last year and the subdued Asian VIP program play market.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Crown Resorts Group&#8217; recently released its financial results for the latter half of 2015, showing a considerable decrease in profits, with net earnings nearly cut in half. For the six-month period ending on December 31, 2015, the group&#8217;s after-tax net income experienced a substantial 24% year-over-year reduction, reaching AU$200.7 million. Despite this decline, there [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crown Resorts 2015: Profits Down, But Is There Upside?<\/title>\n<meta name=\"description\" content=\"Crown Resorts saw profits tumble in the latter half of 2015. Net earnings were cut almost in half. But operating income soared. What\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown Resorts Reports Profit Decline Despite Strong Australian Performance\" \/>\n<meta property=\"og:description\" content=\"Crown Resorts saw profits tumble in the latter half of 2015. Net earnings were cut almost in half. But operating income soared. What\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Trusted Source for Licensed Online Casino News &amp; Updates\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T10:56:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:02:37+00:00\" \/>\n<meta name=\"author\" content=\"Chloe &quot;Cleo&quot; Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe &quot;Cleo&quot; Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/\",\"name\":\"Crown Resorts 2015: Profits Down, But Is There Upside?\",\"isPartOf\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\"},\"datePublished\":\"2024-06-16T10:56:10+00:00\",\"dateModified\":\"2024-06-20T14:02:37+00:00\",\"author\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/8a7099c6966e2e8a5a2da50f3e103c8d\"},\"description\":\"Crown Resorts saw profits tumble in the latter half of 2015. Net earnings were cut almost in half. But operating income soared. What\",\"breadcrumb\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ukonlinecasinoslist.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crown Resorts Reports Profit Decline Despite Strong Australian Performance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/\",\"name\":\"Your Trusted Source for Licensed Online Casino News &amp; Updates\",\"description\":\"Immerse yourself in the dynamic world of online gambling with the help of our fresh news, honest game reviews, and informative insights. Our licensed casino is your trusted gaming partner.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ukonlinecasinoslist.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/8a7099c6966e2e8a5a2da50f3e103c8d\",\"name\":\"Chloe \\\"Cleo\\\" Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/wp-content\/uploads\/sites\/38\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/ukonlinecasinoslist.icu\/wp-content\/uploads\/sites\/38\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Chloe \\\"Cleo\\\" Turner\"},\"description\":\"Holding a Ph.D. in Statistics and a Master's in Epidemiology, this accomplished author has extensive experience in the application of statistical modeling and data analysis techniques to the study of public health issues related to gambling. They have expertise in survey sampling, longitudinal data analysis, and spatial statistics, which they use to investigate the prevalence and determinants of problem gambling and its impact on individuals and communities. Their articles and reviews provide readers with a public health perspective on the casino industry and the strategies used to promote responsible gambling and mitigate harm.\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/author\/wtibcddv\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Crown Resorts 2015: Profits Down, But Is There Upside?","description":"Crown Resorts saw profits tumble in the latter half of 2015. Net earnings were cut almost in half. But operating income soared. What","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/","og_locale":"en_GB","og_type":"article","og_title":"Crown Resorts Reports Profit Decline Despite Strong Australian Performance","og_description":"Crown Resorts saw profits tumble in the latter half of 2015. Net earnings were cut almost in half. But operating income soared. What","og_url":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/","og_site_name":"Your Trusted Source for Licensed Online Casino News &amp; Updates","article_published_time":"2024-06-16T10:56:10+00:00","article_modified_time":"2024-06-20T14:02:37+00:00","author":"Chloe \"Cleo\" Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Chloe \"Cleo\" Turner","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/","url":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/","name":"Crown Resorts 2015: Profits Down, But Is There Upside?","isPartOf":{"@id":"https:\/\/ukonlinecasinoslist.icu\/#website"},"datePublished":"2024-06-16T10:56:10+00:00","dateModified":"2024-06-20T14:02:37+00:00","author":{"@id":"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/8a7099c6966e2e8a5a2da50f3e103c8d"},"description":"Crown Resorts saw profits tumble in the latter half of 2015. Net earnings were cut almost in half. But operating income soared. What","breadcrumb":{"@id":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/16\/crown-resorts-reports-profit-decline-despite-strong-australian-performance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/ukonlinecasinoslist.icu\/"},{"@type":"ListItem","position":2,"name":"Crown Resorts Reports Profit Decline Despite Strong Australian Performance"}]},{"@type":"WebSite","@id":"https:\/\/ukonlinecasinoslist.icu\/#website","url":"https:\/\/ukonlinecasinoslist.icu\/","name":"Your Trusted Source for Licensed Online Casino News &amp; Updates","description":"Immerse yourself in the dynamic world of online gambling with the help of our fresh news, honest game reviews, and informative insights. Our licensed casino is your trusted gaming partner.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ukonlinecasinoslist.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/8a7099c6966e2e8a5a2da50f3e103c8d","name":"Chloe \"Cleo\" Turner","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/image\/","url":"https:\/\/ukonlinecasinoslist.icu\/wp-content\/uploads\/sites\/38\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/ukonlinecasinoslist.icu\/wp-content\/uploads\/sites\/38\/2024\/06\/woman-avatar-96x96.png","caption":"Chloe \"Cleo\" Turner"},"description":"Holding a Ph.D. in Statistics and a Master's in Epidemiology, this accomplished author has extensive experience in the application of statistical modeling and data analysis techniques to the study of public health issues related to gambling. They have expertise in survey sampling, longitudinal data analysis, and spatial statistics, which they use to investigate the prevalence and determinants of problem gambling and its impact on individuals and communities. Their articles and reviews provide readers with a public health perspective on the casino industry and the strategies used to promote responsible gambling and mitigate harm.","url":"https:\/\/ukonlinecasinoslist.icu\/author\/wtibcddv\/"}]}},"_links":{"self":[{"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/posts\/147"}],"collection":[{"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/comments?post=147"}],"version-history":[{"count":1,"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/posts\/147\/revisions"}],"predecessor-version":[{"id":171,"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/posts\/147\/revisions\/171"}],"wp:attachment":[{"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/media?parent=147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/categories?post=147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ukonlinecasinoslist.icu\/wp-json\/wp\/v2\/tags?post=147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}