{"id":9371,"date":"2016-08-17T14:13:47","date_gmt":"2016-08-17T13:13:47","guid":{"rendered":"http:\/\/www.sbcnews.co.uk\/?p=34235"},"modified":"2016-08-17T14:13:47","modified_gmt":"2016-08-17T13:13:47","slug":"melco-crown-sell-off-props-crown-resorts-2016-profits","status":"publish","type":"post","link":"https:\/\/guruplay.tv\/2016\/08\/17\/melco-crown-sell-off-props-crown-resorts-2016-profits\/","title":{"rendered":"Melco Crown sell-off props Crown Resorts 2016 profits"},"content":{"rendered":"<p>&#13; &#13; <span>Posted by: <a href=\"http:\/\/www.sbcnews.co.uk\/author\/tedmenmuir\/\" title=\"\">Ted Menmuir <\/a><\/span>&#13; &#13; &#13; <span>August 17, 2016<\/span>\t&#13; <span>in <a href=\"http:\/\/www.sbcnews.co.uk\/category\/asia\/\" rel=\"category tag\">Asia<\/a>, <a href=\"http:\/\/www.sbcnews.co.uk\/category\/latestnews\/\" rel=\"category tag\">Latest News<\/a>, <a href=\"http:\/\/www.sbcnews.co.uk\/category\/retail\/\" rel=\"category tag\">Retail<\/a><\/span>&#13; &#13; <span><span>Comments Off<span class=\"screen-reader-text\"> on Melco Crown sell-off props Crown Resorts 2016 profits<\/span><\/span><\/span>&#13;\n<\/p>\n<div readability=\"56.109993714645\"> <!-- .share-post --> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-15298 alignleft\" src=\"https:\/\/i0.wp.com\/guruplay.tv\/wp-content\/uploads\/2016\/08\/melco-crown-sell-off-props-crown-resorts-2016-profits.png?resize=237%2C125\" alt=\"crownresorts\" width=\"237\" height=\"125\" srcset=\"https:\/\/i0.wp.com\/guruplay.tv\/wp-content\/uploads\/2016\/08\/melco-crown-sell-off-props-crown-resorts-2016-profits.png?resize=237%2C125 411w, http:\/\/www.sbcnews.co.uk\/wp-content\/uploads\/2014\/12\/crownresorts-100x52.png 100w, http:\/\/www.sbcnews.co.uk\/wp-content\/uploads\/2014\/12\/crownresorts-300x157.png 300w\" sizes=\"(max-width: 237px) 100vw, 237px\" data-recalc-dims=\"1\"\/>Presenting its full-year results (year ending 30 June), Crown Resorts LTD (Crown) has reported net profits of AUS $948 million (\u00a3555 million) up 14% on corresponding FY 2015 corporate earnings.<\/p>\n<p>Crown year-end results would be propped by its AUS $602 million (\u00a3350 million) share sell-off in Melco Crown Entertainment (MCE), as the company reduced its shareholder equity from 37.3% to 27.4%.<\/p>\n<p>In its regulatory filing, Crown detailed that the without its MCE \u2018one-off\u2019 gains the gambling operator would have posted adjusted full-year net profits of AUS $406 million down 22.7% on FY 2015 results.<\/p>\n<p>Detailing its gambling divisions performance, Crown Australian casino properties\u2019 in Perth and Melbourne would sustain EBITDA of AUS $949 million (\u00a3550 million).<\/p>\n<p>However, its corporate performance would be dragged down by Macau MCE property impacts which saw the Asian division contribute AUS $42.7 million in corporate profits, down 65% on FY 2015.<\/p>\n<p>\u201cThe 2016 full-year result reflects a solid performance from our Australian operations and continued subdued trading in Macau,\u201d Crown Chief Executive Rowen Craigie said in a separate statement posted on the company\u2019s website.<\/p>\n<p>Crown governance stated that it was still committed to its Macau projects, despite its MCE sell-off, Rowen Craigie would detail that Macau still represented a \u2018long term investment\u2019 for Crown Resorts.\n<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Presenting its full-year results (year ending 30 June), Crown Resorts LTD (Crown) has reported net profits of AUS $948 million (\u00a3555 million) up 14% on corresponding FY 2015 corporate earnings. Crown year-end results would be propped by its AUS $602 million (\u00a3350 million) share sell-off in Melco Crown Entertainment (MCE), as the company reduced its &#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[164],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p160my-2r9","jetpack-related-posts":[],"publishpress_future_action":{"enabled":false,"date":"2024-06-23 07:11:25","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/posts\/9371"}],"collection":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/comments?post=9371"}],"version-history":[{"count":0,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/posts\/9371\/revisions"}],"wp:attachment":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/media?parent=9371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/categories?post=9371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/tags?post=9371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}