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Crown ‘solid performance’

CROWN Resorts this morning revealed its profit results for 2015/16, with the reported net profit after tax down 11.8% to $393.6m before taking into account extraordinary items. While the majority of the company’s revenue relates to gaming, hospitality was also a key contributor, with the three Crown Melbourne hotels combined reporting $452.7 million in non-casino revenue. Occupancy at the flagship Crown Towers Melbourne property was a healthy 97.1%, while Crown Metropol achieved a 92.4% occupancy and Crown Promenade’s occupancy was 93.6%, reflecting the “very ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 17 Aug 16

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