VIPs and virus off the table at Crown

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Opinion: Crown Resorts has left investors in the dark with its failure to give guidance on the impact of the coronavirus at its casinos | EKnightOfficial

Its flagship Melbourne casino experienced flat main floor gaming revenue against the previous corresponding period. This mass market result was far softer than analysts had anticipated and suggests conditions had declined considerably since the company’s annual meeting last October.

In Crown Melbourne’s case, it experienced a win rate of 2.3 per cent compared against the theoretical win rate of 1.35 per cent. The actual win rate during the six months to December 2018 was 1.02 per cent. "Actual VIP program play revenue was $239.6 million, up 39.8 per cent on the previous corresponding period."

 

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