Melbourne Crown Casino High Rollers Return, VIP Revenue Surging, Year-on-Year Overall Still Lagging. Posted on: February 24, 2018, 02:00h. Last updated on: February ... Foreign high-rollers are heading back to James Packer's flagship casino, Crown Melbourne, where revenue from its so-called VIP gambling program has rocketed nearly 40 per cent. Crown Resorts pursues profit at all costs and has a culture of disregarding its regulatory obligations, the explosive inquiry into the gambling giant’s alleged facilitation of money laundering ... Aug 9th, 2018. Crown Resorts' full year net profit has dropped 70 percent to $558.9 million after the gambling giant's results normalised following the sale of its Macau business the previous ... The Victorian Government is under serious pressure over its regulation of Crown Casino after a NSW inquiry deemed the company was not suitable to hold a licence. Crown Melbourne Normalised EBITDA from Crown Melbourne was $645.0 million, up 9.5%. Reported EBITDA was $586.0 million, up 2.7%, which takes into account an unfavourable variance from the theoretical VIP program play result. Normalised revenue at Crown Melbourne was $2,279.0 million, up 14.2%, with VIP program play up Crown's net profit dived to $401.8 million over the year, with revenue from foreign VIP gamblers collapsing by 26.1 per cent to $38 billion. Crown's Melbourne casino remains closed due to the COVID-19 pandemic. Credit: Getty Images Mr Barton said that showed a level of "pent-up demand" when casinos re-open and provided hope of a ... Casino giant Crown Resorts faces an independent review of its operations in Melbourne, while Western Australia’s gaming regulator will examine the damning NSW report. Crown Casinos: Full year profit falls 4.7% to $368.6 million After a horror few weeks of damaging headlines and a major profit slump, the casino empire has fired back at its critics. James Hall ...
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